European Investor
15 Jun 2026, 14:44
Western Digital Shares Surge as Morgan Stanley Reaffirms Overweight Rating
Western Digital (NASDAQ: WDC) shares jumped 12% after Morgan Stanley reiterated its Overweight rating and maintained a $650 price target on the data storage company.
The rally comes as investors continue to increase exposure to companies benefiting from the rapid growth of AI infrastructure and cloud computing. As AI models become larger and more data-intensive, demand for both high-capacity storage and data center hardware continues to accelerate.
Western Digital is viewed as a key beneficiary of this trend, supplying storage solutions used by hyperscale cloud providers, enterprise customers, and AI-focused data centers. Analysts remain optimistic that growing storage requirements will support stronger demand and pricing across the industry.
The strong move in shares reflects broader enthusiasm for AI-related infrastructure plays, with investors increasingly looking beyond semiconductor manufacturers to companies that provide the storage systems needed to support the expanding AI ecosystem.
Western Digital (NASDAQ: WDC) shares jumped 12% after Morgan Stanley reiterated its Overweight rating and maintained a $650 price target on the data storage company.
The rally comes as investors continue to increase exposure to companies benefiting from the rapid growth of AI infrastructure and cloud computing. As AI models become larger and more data-intensive, demand for both high-capacity storage and data center hardware continues to accelerate.
Western Digital is viewed as a key beneficiary of this trend, supplying storage solutions used by hyperscale cloud providers, enterprise customers, and AI-focused data centers. Analysts remain optimistic that growing storage requirements will support stronger demand and pricing across the industry.
The strong move in shares reflects broader enthusiasm for AI-related infrastructure plays, with investors increasingly looking beyond semiconductor manufacturers to companies that provide the storage systems needed to support the expanding AI ecosystem.