Western Digital (WDC) shares reached an all-time high on June 18, 2026. The stock has surged approximately 321% year-to-date as of June 19, 2026. Massive demand for hard disk drives (HDDs) in AI data centers drives the market re-evaluation of the company as a critical infrastructure play.
Strong fiscal Q3 results exceeded analyst expectations. The company also implemented a 20% dividend increase. Analysts are raising price targets as HDD demand outpaces supply in a tightening market.
Institutional confidence is growing with new investments from Dorsey Wright & Associates and Wick Capital Partners. Western Digital remains the underlying company for the SanDisk CEDEAR.