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Cantor Fitzgerald analyst C.J. Muse maintains Western Digital (NASDAQ:WDC) with a Overweight and raises the price target from $660 to $900.
In the latest trading session, Western Digital (WDC) closed at $586.45, marking a -13.17% move from the previous day.
STORY: Micron said on Wednesday customers such as Nvidia had committed $22 billion to lock in supplies of memory chips, playing up huge growth in five-year "take-or-pay" deals that require clients to either buy its chips or hand over cash.The comments underscore the growing importance of memory chips in the artificial intelligence supply chain, where demand has surged alongside the need for greater computing power."What's different about Micron, SanDisk, Western Digital, those types of names that are doing so well, is that they're memory chips. You have to have memory specifically DRAM or H-band memory if you're going to have enough computing power to do all the computations. That is nothing If you don't have memory to transfer it from one place to another," said Mulberry.That dynamic has helped fuel investor interest in memory-chip makers, particularly as AI-related demand continues to outpace available supply."So if I'm looking at sales trading at five times, but the demand went up by 12 times, this is actually still a good buying opportunity for a company like Micron."
STORY: U.S. stocks ended mixed on Thursday, with the Dow ticking up more than a tenth of a percent, while the S&P 500 closed flat and the Nasdaq dropped nearly half a percent.Technology shares reversed early gains to move lower, as investors worried about hyperscaler spending on AI and who foots the bill.:: MicronThose fears outweighed upbeat signals on AI demand from Micron, which gained nearly 16%, while shares of Sandisk soared 22%.Brian Mulberry, chief market strategist at Zacks Investment Management, notes that it's memory chip makers that are now leading the charge. "What's different about Micron, SanDisk, Western Digital, those types of names that are doing so well is that they're memory chips. And you have to have memory, specifically DRAM or H-band memory, if you're going to have enough computing power to do all the computations. That is nothing if you don't have memory to transfer it from one place to another. So one of the reasons that these stocks have done so well and the growth at Micron is so solid is because a recent redesign in the server technology means we go from eight memory chips per server to 96. That's 12 times growth in demand for this one simple component."The surging prices of memory and storage chips prompted Apple on Thursday to hike prices for its iPads and MacBooks. That weighed on the stock, sending it down more than 6%. Shares of Nvidia, Microsoft and Alphabet also dropped.:: ArchiveAmong other movers, shares of Bio-Techne jumped after Merck agreed to acquire the biotech firm for $73 per share in cash, representing a total enterprise value of about $11.3 billion.:: ArchiveMeanwhile, U.S. Department of Commerce data on Thursday showed the annual inflation rate through May rose above 4% for the first time in three years, but oil prices this week fell to below pre-war levels.
Shares of Dell Technologies (NYSE:DELL) are down 6% in midday trading Thursday, last changing hands near $407 after closing at $434.06 on Wednesday. The slide stands out because it’s happening on a day when memory and storage names are ripping higher. At the same time, Western Digital (NASDAQ:WDC) stock is up 5%, trading near $678. ... Dell Drops 6%, Western Digital Rises 5% as the Memory Boom Splits the AI Hardware Trade
Memory and storage company Micron Technology (NASDAQ:MU) reports strong Q3 earnings, driving up shares of SanDisk, Western Digital and Seagate.
In the most recent trading session, Western Digital (WDC) closed at $732.95, indicating a -1.78% shift from the previous trading day.
If you are wondering whether Western Digital stock still offers value after its strong run, this article focuses squarely on what the current price might imply. The share price recently closed at US$732.62, with returns of 12.1% over 7 days, 51.3% over 30 days and a very large gain year to date that is well over 200%. These moves sit against a backdrop of ongoing investor interest in storage and memory companies, and continued debate about how to price growth stories in the broader tech...
Western Digital Corporation (NASDAQ:WDC) is one of the best AI memory stocks to buy in 2026. JPMorgan lifted the price target on Western Digital Corporation (NASDAQ:WDC) to $650 from $530 on June 12 and maintained an Overweight rating on the shares, telling investors in a research note that the firm is raising its earnings forecasts […]
Recently, Zacks.com users have been paying close attention to Western Digital (WDC). This makes it worthwhile to examine what the stock has in store.
Western Digital (WDC) shares are extremely overbought. This means they may reverse and go lower. Some would sell when the trend reverses.