Western Digital (WD) reports bullish momentum after deciding to spin off its NAND flash business. The company will now concentrate on Hard Disk Drives (HDDs) and AI-driven growth. This strategic shift has the potential to reshape WD’s valuation and market perception.
Analysts maintain a "Strong Buy" rating on WD stock. They cite strong fundamentals and high confidence in future profitability. The rating is further supported by significant institutional buying.
The stock recently saw a notable price increase. However, technical signals remain mixed, with some indicators suggesting an overbought condition. The broader market context includes uncertainty related to U.S.-China tech curbs, though optimism persists due to the potential for relaxing trade policies.