Western Digital (WDC) Soars 8% Ahead of Business Update

We precocious published 10 Big Names Already Crushing This February. Western Digital Corp. (NASDAQ:WDC) was 1 of the apical performers connected Monday.

Western Digital snapped a two-day losing streak connected Monday, jumping 8 percent to adjacent astatine $270.23 apiece arsenic investors repositioned portfolios up of expected concern updates tomorrow, February 3.

The institution is acceptable to clasp an lawsuit called Innovation Day connected the said date, wherever it is expected to item cardinal innovations designed to enactment the increasing request for information retention successful the AI-driven information economy.

The Innovation Day followed past week’s merchandise of Western Digital Corp.’s (NASDAQ:WDC) net show for the 2nd 4th of fiscal twelvemonth 2026, with nett income surging by 210 percent to $1.8 cardinal from lone $594 cardinal successful the aforesaid play a twelvemonth earlier. Revenues jumped by 25 percent to $3.017 cardinal from $2.4 cardinal year-on-year.

Western Digital Corp. (NASDAQ:WDC) attributed the maturation to its disciplined execution to conscionable request successful the AI-driven information economy, alongside beardown lawsuit request successful its high-capacity hard-disk drives.

Following the beardown results, Western Digital Corp. (NASDAQ:WDC) issued a higher outlook crossed cardinal maturation metrics, including a gross people of $3.2 billion, positive oregon minus $100 million, oregon an implied maturation of 40 percent from the $2.29 cardinal registered successful the aforesaid 4th a twelvemonth earlier.

Diluted net per stock are projected astatine $2.30, positive oregon minus $0.15, oregon 9 percent higher than the $2.11 registered year-on-year.

While we admit the imaginable of WDC arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.