Western Digital Corporation (WDC) stock surged 5.83% in a single trading session, with the price climbing to $212.14. This robust performance positioned WDC as a top gainer in both the S&P 500 and Nasdaq 100 on the preceding day.
The rally is reportedly part of a broader trend benefiting data storage and semiconductor companies. Heightened demand for AI technology fuels this trend amid an ongoing memory shortage.
Market activity on January 13, 2026, also featured institutional trading changes. D.A. Davidson & CO. significantly reduced its holdings in WDC. Conversely, Decker Retirement Planning Inc. initiated a new position, signaling fresh institutional interest.