Western Digital Rises 1.7% as Analysts Upgrade to 'Outperform' Amid Cloud and AI Demand, Trading Volume Ranks 285th

On August 28, 2025, Western Digital (WDC) rose 1.70% with a trading volume of $370 million, ranking 285th in market activity. Analysts from Mizuho and BNP Paribas upgraded the stock to "Outperform" and "Buy," citing strong cloud storage demand and AI-driven data center growth. A $13.5 billion loan refinancing for the Kioxia merger, reported by Bloomberg, signaled financial flexibility, while recent earnings highlighted 30% year-over-year revenue growth and improved profit margins. Institutional ownership remains robust at 92.51%, with major holders including Vanguard and Geode Capital.

Strategic moves such as a $2 billion buyback program and new product launches—like 22TB/44TB external drives—reinforce market confidence. Analysts note AI and generative AI storage demand as key growth drivers, with WDC’s P/E ratio (15.38) trading below sector averages. Short interest has declined by 0.36% in recent weeks, reflecting improved investor sentiment. Despite competition from Seagate, WDC’s margin expansion and focus on high-capacity drives position it as a top value stock for long-term investors.

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