Western Digital stock jumps after $4 billion buyback boost and 100TB drive roadmap
Western Digital shares rose 7.4% to $290.24 in after-hours trading Tuesday after the board approved an extra $4.0 billion for share buybacks, effective immediately. The company also unveiled a multi-year hard-drive roadmap targeting AI data centers, including a 40TB UltraSMR drive in qualification with hyperscale clients and plans for 60TB ePMR and 100TB HAMR drives by 2029.