{"id":708498,"date":"2026-06-17T00:34:13","date_gmt":"2026-06-17T00:34:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/708498\/"},"modified":"2026-06-17T00:34:13","modified_gmt":"2026-06-17T00:34:13","slug":"western-digital-stock-jumps-as-ai-trade-reignites","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/708498\/","title":{"rendered":"Western Digital stock jumps as AI trade reignites"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">What happened: Western Digital (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/WDC\/\" data-i13n=\"cpos:1;pos:1\" data-ylk=\"slk:WDC;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;1&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;WDC&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">WDC<\/a>) stock jumped 7% on Tuesday.<\/p>\n<p class=\"yf-1fy9kyt\">What&#8217;s behind the move: The data storage company extended gains from Monday, when the stock surged 16% after Morgan Stanley raised its price target and maintained an Overweight rating on the stock. The firm&#8217;s new price target is $650, up from $488.<\/p>\n<p class=\"yf-1fy9kyt\">Western Digital bucked the trend as other memory and storage makers retreated from record highs. Western Digital, Micron Technology, and storage maker Sandisk were among 30 S&amp;P 500 (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/%5EGSPC\/\" data-i13n=\"cpos:2;pos:1\" data-ylk=\"slk:^GSPC;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;2&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;^GSPC&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">^GSPC<\/a>) stocks that closed at record highs on Monday. Chipmaker AMD (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/AMD\/\" data-i13n=\"cpos:3;pos:1\" data-ylk=\"slk:AMD;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;3&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;AMD&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">AMD<\/a>) also reached an all-time high before reversing gains on Tuesday.<\/p>\n<p class=\"yf-1fy9kyt\">What else you need to know: The AI trade returned to the spotlight this week as stocks rallied Monday following the announcement of a US-Iran peace agreement aimed at ending hostilities in the Middle East and reopening the Strait of Hormuz.<\/p>\n<p class=\"yf-1fy9kyt\">Investors bet that the Federal Reserve could look through the recent energy-driven inflation shock if the Strait of Hormuz reopens and oil shipments resume through the critical waterway.<\/p>\n<p class=\"yf-1fy9kyt\">Wall Street has debated whether policymakers will adopt a more hawkish tone at this week&#8217;s meeting and whether the recent rise in energy prices could even revive the possibility of rate hikes after markets had largely been expecting rate cuts.<\/p>\n<p class=\"yf-1fy9kyt\">Goldman Sachs analysts have pushed back their forecast for the next round of rate cuts, now expecting them to begin in the second half of next year.<\/p>\n<p class=\"yf-1fy9kyt\">Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at <a class=\"link \" href=\"https:\/\/twitter.com\/ines_ferre\" data-i13n=\"cpos:4;pos:1\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:@ines_ferre;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;4&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;@ines_ferre&quot;,&quot;yHasCommerce&quot;:false}\">@ines_ferre<\/a>.<\/p>\n<p class=\"yf-1fy9kyt\"><a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/tech\" data-i13n=\"cpos:5;pos:1\" data-ylk=\"slk:Click here for the latest technology news that will impact the stock market;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;5&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Click here for the latest technology news that will impact the stock market&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">Click here for the latest technology news that will impact the stock market<\/a><\/p>\n<p class=\"yf-1fy9kyt\"><a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/news\/\" data-i13n=\"cpos:6;pos:1\" data-ylk=\"slk:Read the latest financial and business news from Yahoo Finance;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;6&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Read the latest financial and business news from Yahoo Finance&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">Read the latest financial and business news from Yahoo Finance<\/a><\/p>\n<p>   <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"What happened: Western Digital (WDC) stock jumped 7% on Tuesday. What&#8217;s behind the move: The data storage company&hellip;\n","protected":false},"author":2,"featured_media":708499,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,181,507,7359,1535,74,142027],"class_list":["post-708498","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-micron-technology","tag-morgan-stanley","tag-technology","tag-western-digital"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/708498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=708498"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/708498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/708499"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=708498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=708498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=708498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}