WDC completes a 6-day rally with 52% gains, driven by AI storage demand and rising memory prices

Category: Markets

Published: 2026-06-22T14:11:05.000Z

Western Digital (WDC) shares surged 52% over six days, reaching $746.23, fueled by increased analyst price targets and robust demand for hard disk drives (HDDs) from AI data centers. Analysts predict a significant HDD supply shortage in 2026 due to AI-driven storage consumption, with Western Digital's 2026 production capacity already sold out. The company's Q3 2026 revenue rose 45.5% year-over-year, and analyst sentiment shifted to "Strong Buy," reflecting its strong position in the AI storage market.

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