Western Digital Corporation ($WDC) Stock Forecast: Down 5.7% Today

What is Western Digital Corporation?

Western Digital Corporation (WDC) is a leading data storage company that provides a range of solutions for storing, managing, and accessing digital content. Today, WDC experienced a strong bearish movement in the stock market.

Why is Western Digital Corporation going down?

WDC stock is down 5.7% on Feb 19, 2026 16:36

• WDC faced a bearish market movement possibly due to concerns raised by Jim Cramer linking the decline in computer storage stocks like Western Digital to a potential rally in other tech companies such as Broadcom, NVIDIA, and AMD.
• The news of SanDisk rebounding after an initial fall due to a secondary public offering might have added to the bearish sentiment surrounding Western Digital.
• The surge in demand for high-capacity storage solutions driven by AI and cloud computing, as highlighted in Seagate's advancements with HAMR technology, could have also diverted investor attention away from Western Digital, impacting its stock performance.
• The increased demand for AI storage solutions, leading to Western Digital selling out its entire 2026 HDD production capacity, may have raised concerns about the company's ability to meet future demand and maintain its competitive edge in the market, contributing to the bearish movement.

WDC Price Chart

WDC Technical Analysis

WDC News

Jim Cramer Linked Broadcom (AVGO) & Computer Storage Stocks

Jim Cramer discussed Broadcom Inc. (NASDAQ:AVGO) in relation to computer storage stocks, suggesting that a decline in storage stock prices like Micron, Western Digital, Seagate, and SanDisk could lead to a rally in Broadcom, NVIDIA, and AMD. Broadcom's shares have seen a 42% increase over the past year and DA Davidson initiated coverage with a Neutral rating due to potential limited growth in ASICs despite tailwinds from AI chip demand. Jefferies maintained a Buy rating, highlighting Broadcom's strong position in the AI and networking industries.

https://www.insidermonkey.com/blog/jim-cramer-linked-broadcom-avgo-computer-storage-stocks-1698277/

Jim Cramer Linked Broadcom (AVGO) & Computer Storage Stocks

Jim Cramer discussed Broadcom (AVGO) in relation to computer storage stocks like Micron, Western Digital, Seagate, and Sandisk. He suggested that if these "shortage stocks" decline, Broadcom, NVIDIA, and AMD would rally. Broadcom's stock is up 42% over the past year but down 6.5% YTD, with analysts offering mixed ratings and price targets.

https://finviz.com/news/314711/jim-cramer-linked-broadcom-avgo-computer-storage-stocks

SanDisk Stock Fights Back From Early Losses After Offering

SanDisk (NASDAQ: SNDK) shares initially fell but rebounded after the company announced a secondary public offering of 5.8 million shares at a discount. Western Digital, the former parent company, is selling its shares through a debt-for-equity swap, reducing its overhang on SanDisk. Technical indicators show strong long-term growth, despite some bearish pressure indicated by the MACD, and analysts have recently raised price targets.

https://www.benzinga.com/trading-ideas/movers/26/02/50690629/sandisk-stock-fights-back-from-early-losses-after-offering

Can Higher-Capacity HAMR Momentum Power Seagate's Long-Term Upside?

Seagate Technology Holdings plc (STX) is leveraging its Heat-Assisted Magnetic Recording (HAMR) technology to meet the rising demand for high-capacity storage driven by AI and cloud computing. The company is actively shipping its HAMR-based drives and has secured significant customer adoptions, with nearline capacity fully booked through 2026. This technology is expected to enhance Seagate's financial profile through improved margins and cost efficiency, positioning it well in the competitive storage market against rivals like Western Digital and Micron Technology.

https://www.tradingview.com/news/zacks:18bb97275094b:0-can-higher-capacity-hamr-momentum-power-seagate-s-long-term-upside/

Western Digital Sold Out All 2026 Hard Drive Production as AI Centers Scramble

Western Digital (WDC) shares have surged significantly due to unprecedented demand from hyperscale AI data centers, leading to the company selling out its entire 2026 HDD production capacity. This shift has transformed Western Digital into an AI infrastructure powerhouse, with long-term supply agreements extending through 2028. The increased demand for AI storage has also boosted competitors like Seagate Technology (STX), confirming a sector-wide revaluation of storage infrastructure for AI workloads.

https://247wallst.com/investing/2026/02/18/western-digital-sold-out-all-2026-hard-drive-production-as-ai-centers-scramble/

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Western Digital Corporation Price History

19.01.2026 - WDC Stock was down 5.7%

• WDC faced a bearish market movement possibly due to concerns raised by Jim Cramer linking the decline in computer storage stocks like Western Digital to a potential rally in other tech companies such as Broadcom, NVIDIA, and AMD.
• The news of SanDisk rebounding after an initial fall due to a secondary public offering might have added to the bearish sentiment surrounding Western Digital.
• The surge in demand for high-capacity storage solutions driven by AI and cloud computing, as highlighted in Seagate's advancements with HAMR technology, could have also diverted investor attention away from Western Digital, impacting its stock performance.
• The increased demand for AI storage solutions, leading to Western Digital selling out its entire 2026 HDD production capacity, may have raised concerns about the company's ability to meet future demand and maintain its competitive edge in the market, contributing to the bearish movement.

13.01.2026 - WDC Stock was down 8.4%

• The decline in WDC stock today could be linked to profit-taking by insiders, as recent stock sales involving the Director and CEO have been observed.
• Despite positive quarterly earnings and growing institutional investments, market reactions may reflect concerns about macroeconomic instability and the company's high debt levels as discussed in recent updates.
• The steep 305% rise in WDC stock value over the past year might have encouraged some investors to secure profits, contributing to today's decline.
• Market sentiments towards data storage providers like WDC may also be influenced by competitor performance, with Seagate Technology Holdings PLC surpassing earnings estimates and attracting increased institutional investments.

18.01.2026 - WDC Stock was up 5.9%

• The positive movement in WDC's stock price is linked to the company's decision to sell a substantial portion of its stake in its previous subsidiary, Sandisk, for $3.17 billion. This strategic move aims to reduce Western Digital's debt load and enhance its financial health. The market response to this news is driven by several factors:
• Selling the Sandisk stake at a high value will bolster Western Digital's balance sheet and financial flexibility.
• The debt restructuring with J.P. Morgan Securities LLC and BofA Securities reflects Western Digital's proactive approach to managing its financial obligations.
• Investors interpret this divestment as a strategic step to focus on core business activities and optimize resource allocation for potential long-term growth.
• The pricing of the secondary public offering at $545 per share indicates market confidence in the demand for Sandisk shares, boosting investor optimism in Western Digital's stock.

18.01.2026 - WDC Stock was up 8.1%

• WDC's stock surged after the company announced the sale of a portion of its stake in former unit Sandisk for $3.17 billion, a strategic move aimed at reducing debt.
• The sale of 5.8 million Sandisk shares at $545 each in a secondary public offering further boosted investor confidence in WDC, hinting at the company's efforts to enhance its financial position.
• Additionally, the adoption of technologies like Heat-Assisted Magnetic Recording (HAMR) to cater to the demand for high-capacity storage and improve financial performance likely played a role in driving investor optimism regarding Western Digital's long-term growth prospects.

11.01.2026 - WDC Stock was up 5.0%

• The bullish movement in WDC stock is linked to a surge in institutional investor interest. Recent acquisitions by Baader Bank Aktiengesellschaft suggest confidence in the company's future.
• Factors such as a focus on AI-related HDD demand, a new $4.0 billion share repurchase plan, improved gross margins, and positive analyst outlooks are contributing to the company's stock performance.
• While competitors like Apple are grappling with revenue challenges, WDC's emphasis on storage solutions and strong market position likely play a role in its market success.
• Overall, WDC's strategic decisions and favorable market outlooks have boosted its stock value, indicating strength and growth potential in the data storage sector.

18.01.2026 - WDC Stock was up 5.2%

• Western Digital's stock has seen a 32% increase in value over the past month, attributed to heightened demand for AI-powered storage solutions and an improved financial outlook, signaling optimistic market sentiment.
• Notable institutional investors such as Wealthfront Advisers LLC and Krilogy Financial LLC have substantially bolstered their holdings in Western Digital, indicating a growing confidence in the company's future performance.
• The forthcoming participation of Western Digital in the Morgan Stanley Technology, Media & Telecom Conference is anticipated to offer additional insights into the company's strategic plans and potential avenues for growth, likely sustaining investor interest.
• Despite apprehensions regarding valuation and cyclical risks, Western Digital's robust operational performance, enduring customer contracts, and favorable analyst evaluations are driving the stock's upward momentum.

10.01.2026 - WDC Stock was down 5.4%

• Analysts are conflicted on WDC's future, with some providing a "Strong Buy" consensus while others highlighting a stretched valuation.
• Institutional investors, including Bessemer Group Inc., have increased their stakes in WDC, showing confidence in the company's long-term prospects.
• Despite unveiling an innovative AI-focused storage roadmap at WD Innovation Day 2026, WDC's stock faced downward pressure possibly due to concerns about the speed of revenue generation from these new products.
• The overall bearish market movement for WDC today could be attributed to investors reevaluating the company's valuation in light of its AI storage roadmap and the need for tangible revenue and margin improvements from these innovations.

10.01.2026 - WDC Stock was down 9.9%

• The bearish movement in Western Digital's stock today can be attributed to the following factors:
• Analysts' conflicted ratings on technology companies, including Western Digital, might have created uncertainty among investors, leading to a sell-off.
• Despite the positive sentiment around Western Digital's AI-focused storage roadmap and innovations, concerns about the company's stretched valuation could have prompted profit-taking among investors.
• Bessemer Group Inc. and other institutional investors increasing their positions in Western Digital could indicate a long-term bullish outlook, but short-term market dynamics might have influenced today's bearish trend.
• The aggressive expansion of AI data centers driving demand for memory chips could have also impacted investor sentiment towards Western Digital, with some potentially shifting focus to other companies in the sector.

12.01.2026 - WDC Stock was up 5.2%

• WDC's stock has surged due to impressive financial performance, marked by revenue growth and a strong EBITDA margin, showcasing solid fundamentals.
• The stock's notable rally over the past year results from growing demand for data storage in AI and cloud workloads, attracting investor interest and driving the bullish movement.
• Upbeat analyst projections, strategic technological initiatives, and focus on innovation in AI-related storage solutions have bolstered market confidence in WDC.
• Despite some concerns about overvaluation, WDC's robust financial health, management's support through share buybacks, and positive analyst sentiment point to a promising future for the company in the evolving technological landscape.

12.01.2026 - WDC Stock was up 9.4%

• WDC's bullish movement can be attributed to the company's strategic focus on AI storage solutions, with a new AI-focused storage roadmap targeting capacities above 100TB by 2029.
• The surge in WDC's stock price is also driven by the ongoing global memory chip shortage, which is fueling demand for memory products, particularly in AI servers, as highlighted by the increased share repurchase authorization and positive revenue forecasts.
• Analysts and investors are showing confidence in WDC's growth prospects, with raised price targets and strong fiscal Q3 performance, indicating a positive sentiment towards the company's position in the data storage market.
• Overall, WDC's bullish movement today reflects both its strategic initiatives in AI storage and the favorable market conditions driving demand for memory products, positioning the company for continued growth and investor interest.

12.01.2026 - WDC Stock was up 8.3%

• Western Digital's stock has hit a record high of $302.73, showcasing a 440.52% one-year total return, propelled by strong market confidence and strategic investments in AI-related storage solutions.
• Analysts have increased price targets for Western Digital, recognizing its technological progress and rising demand, despite concerns about its valuation compared to its Fair Value by InvestingPro.
• The global memory chip shortage has also influenced the rise in Western Digital's stock, with companies like Micron and Sandisk witnessing significant gains recently, underscoring the positive outlook of the sector and heightened demand.
• With the rollout of an AI-centric storage roadmap, introducing next-generation drives and advancements in storage technologies, Western Digital is well-positioned to capitalize on the escalating data storage requirements of AI workloads, contributing to its current strong short-term momentum.

09.01.2026 - WDC Stock was up 5.1%

• WDC's positive market movement is influenced by notable enhancements in gross margin due to a focus on higher-capacity drives and strict cost management methods.
• Analysts have increased their earnings estimates and the Zacks Rank #1 (Strong Buy) reflects a growing confidence in WDC's performance.
• Anticipated sustained data center demand and greater adoption of high-capacity products are poised to drive WDC's momentum in the next fiscal quarter.
• Competitors such as Seagate Technology and Pure Storage are also observing margin growth, indicating a favorable industry trend that is likely inspiring investor optimism towards WDC.