Strong Demand for Memory Products Drives Investor Momentum Surrounding Western Digital (WDC)

Faheem Tahir

Thu, February 12, 2026 at 4:26 AM GMT+9 2 min read

In this article:

WDC

+5.45%

Western Digital Corporation (NASDAQ:WDC) is one of the best performing S&P 500 stocks in the last five years.

Strong Demand for Memory Products Drives Investor Momentum Surrounding Western Digital (WDC)

As of February 6, 2026, Western Digital Corporation (NASDAQ:WDC) shares continue to rise amid a surge in investor confidence, driven by strong demand for memory products. Amid strong share momentum, recent analyst updates incorporate the company’s second-quarter fiscal 2026 results.

On February 6, 2026, based on the company’s recent earnings and the updated financial model that was presented at Analyst Day, Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Western Digital Corporation (NASDAQ:WDC) from $205 to $285 while keeping a ‘Neutral’ rating. The firm cited rising areal density growth and strong pricing trends as key factors driving the target adjustment.

Meanwhile, according to a Reuters report on February 3, Western Digital Corporation (NASDAQ:WDC) ‘s board authorized an additional $4 billion in share repurchases. The move stems from heightened demand for the company’s memory chips in AI servers.

In the previous week, Western Digital Corporation (NASDAQ:WDC) outlined its fiscal Q3 revenue and profit forecasts that exceeded Wall Street projections. The strong projections reflected sales of flash storage and hard drives. Amid ongoing global memory chip shortages, shares increased roughly 5% in premarket trading, continuing a 50%+ year-to-date gain and building on last year’s threefold increase.

Western Digital Corporation (NASDAQ:WDC) develops and sells data storage devices and solutions, including hard drives and flash storage, serving the enterprise, AI, and consumer electronics markets worldwide.

While we acknowledge the potential of WDC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: What Are the Best Stocks to Buy Right Now? and 10 Stocks Under $1 That Will Explode.

Disclosure: None.

Terms and Privacy Policy

Privacy Dashboard

More Info