WDC is trading at $282.44 (+4.52%) amid its Innovation Day in New York, where it unveiled updated roadmaps for HAMR and ePMR storage technology alongside financial model updates.
- The current surge follows a strong Q2 2026 earnings beat (EPS $2.13 vs. $1.91 expected) and the declaration of a $12.50 dividend.
- Revenue for Q2 2026 reached $3.1B, surpassing expectations of $2.92B, helping the stock recover from a post-earnings drop.
- The event highlights AI-driven innovations, allowing the stock to significantly buck broader tech weakness (NASDAQ down 1.25%).