Western Digital

WDC

Market cap $183B

The raging semiconductor rally received another boost this week when UBS analyst Timothy Arcuri raised his price target on Micron Technology Inc. NASDAQ: MU to a stunning $1625, nearly triple its previous target.

Demand for storage is soaring.

WDC's Q3 FY26 gross margin jumps to 50.5% on higher-capacity drives, pricing and cost controls, with revenues up 45% to $3.3B; Q4 guide: 51%-52%.

Western Digital stock (NASDAQ: WDC) has quietly became one of Wall Street's strongest AI-storage trades this year. While Micron remains the obvious name for investors chasing the memory boom, Western Digital has staged a sharper and less discussed turnaround.

Investors will not want to miss this information.

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corporation (Nasdaq: WDC), the storage foundation of the AI-driven data economy, today announced the appointment of Manuvir Das to its board of directors, effective May 26, 2026. Das previously held senior leadership roles at NVIDIA, Dell EMC, and Microsoft, and brings deep expertise in enterprise AI, data infrastructure, and cloud computing. He currently serves as an Operating Partner in the Digital Infrastructure group at Stonepeak Partners L.

These developments are critical for investors to learn.

SpaceX hasn't hit markets yet, but some investors are already getting a view of Wall Street from the stratosphere.

The explosion of AI, cloud computing, video streaming and enterprise analytics has created an enormous demand for data storage and infrastructure solutions. Two companies operating in this rapidly evolving market are Western Digital Corporation WDC and Quantum Corporation QMCO.

Zacks.com users have recently been watching Western Digital (WDC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.