On July 20, Western Digital rose 3.59% in regular trading, trading at $496.845/share, with turnover of $215 million. The broader storage sector rallied in tandem, with SanDisk up 4.66% and Seagate Technology up 4.42%.

On the news front, the rebound was primarily driven by continued AI infrastructure buildout, with accelerating demand for high-capacity enterprise HDDs and SSDs. Additionally, optimistic expectations surrounding the companys strategic split of its flash memory and HDD business units further supported market sentiment. Prior selling pressure triggered by Koreas Financial Services Commission raising minimum margin requirements for single-stock leveraged ETFs has been largely digested.

Multiple investment banks recently raised their price targets on Western Digital, with Citi setting a target of $800, BNP Paribas at $660, and UBS at $560, signaling strong institutional conviction and driving visible capital inflows back into the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)