WDC is trading at $293.79 (+3.2%) following reports that its 2026 HDD production capacity is already fully booked due to surging AI data center demand, providing the company with significant long-term revenue visibility.
- Western Digital is accelerating the sale of its ~$3 billion SanDisk stake via a debt-for-equity swap, a strategic move designed to fast-track deleveraging and enhance financial flexibility.
- The stock is rebounding from a brief 4% dip on February 19 caused by profit-taking, with analysts at Rosenblatt maintaining a bullish outlook and a $340 price target.