Western Digital (WDC) stock has been on a massive run. Shares of WDC stock have surged more than 200% year-to-date (YTD) and roughly 945% over the past 52 weeks. The rally has been driven by solid artificial intelligence (AI)-led demand and the company’s rapidly expanding earnings.
As AI adoption accelerates, hyperscale cloud providers and data centers are rapidly expanding their storage infrastructure to manage exploding volumes of data. Western Digital is capitalizing on this demand through its high-capacity nearline hard disk drives, which are critical for AI workloads and enterprise data storage.