Western Digital Stock Rebounds as Wall Street Bets AI Storage Demand Outlasts Election Rout
Western Digital stock rose about 3% Friday after jumping more than 8% in premarket trading, following a 17% selloff Thursday on post-election AI data-center concerns. Strategists say the AI buildout remains intact but may stretch over a longer timeline, and the stock keeps a consensus Buy rating with an average price target near $589.
Western Digital's stock went back up after dropping hard on worries. People think AI companies still need storage, just maybe not all at once.
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