Western Digital (WDC) Stock Rises 6% on AI Storage Demand and Strong Q4 Earnings

TLDR

• WDC stock rose 5.9% to $467.46, driven by a broad memory-sector rally and AI data-center demand optimism.
• Western Digital beat quarterly earnings with $3.56 EPS and $3.75 billion in revenue, topping analyst estimates.
• Management guided Q1 2027 EPS of $3.85 to $4.15, with revenue expected around $4.1 billion.
• Analysts hold a “Moderate Buy” consensus with an average price target of $534.56.
• CEO Irving Tan sold $8.9 million in stock in August, alongside other insider sales totaling over $10 million last quarter.

Western Digital (WDC) stock climbed 5.9% on Friday, trading as high as $468.19 before settling at $467.46. The previous close was $441.57.

Western Digital Corporation, WDC

The move came as memory and storage stocks broadly rallied, with SK Hynix up 7% and Seagate gaining 5%. Investors are betting that AI infrastructure spending will continue to support pricing and earnings across the sector.

WDC has now gained around 70% over the past six months, though it remains well off its 52-week high of $799.87, reached in June.

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