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Western Digital surges 114% on strong AI storage demand and robust Q3 FY26 results

Analyst Insights
05 Aug 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Western Digital (WDC) has delivered a 114% return since March, driven by strong demand for AI storage solutions and impressive Q3 FY26 financial results. The company has improved its financial health, becoming net cash positive through significant debt reduction, increased share buybacks, and a solid capital return program. Demand remains exceptionally strong with full capacity booked through 2026 and long-term agreements extending to 2029, alongside rising prices due to supply-demand imbalances. Despite a high valuation, analysts maintain a Buy rating, citing a multi-year growth cycle, disciplined capital expenditure, and key advancements in HAMR technology as growth drivers.

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