Western Digital (WDC) shares surged 8.52% to $308.33 after finalizing its $3.1 billion exit from SanDisk, completing the company's transition into a pure-play hard disk drive manufacturer.
- The company liquidated its remaining 7.5 million shares via a strategic debt-for-equity exchange with JPMorgan and Bank of America to aggressively retire long-term debt.
- CEO Irving Tan confirmed that the firm has already sold out its entire 2026 HDD production capacity due to surging AI-driven storage demand.