Western Digital stock jumps 8% as AI-storage trade revs up; what to watch next
Western Digital shares closed up 8% at $270.21 Monday before steadying after hours. The company reported a 25% revenue jump to $3.02 billion in Q2 and raised its Q3 outlook above Wall Street estimates. Investors are watching its Feb. 3 Innovation Day for new targets. Sandisk and Micron also surged as AI demand fueled storage and memory stocks.