Why Western Digital stock is up today: WDC jumps 5% as the AI storage trade grips markets again
Western Digital shares jumped 5.2% to $226.25 Thursday afternoon, nearing an intraday high of $230.40 amid heavy retail buying. The rally follows strong inflows and a broader surge in memory and storage stocks. Barclays raised its price target to $240. Investors await Western Digital’s Jan. 29 earnings for signals on demand and pricing.