Western Digital Corp stock surges on AI storage boom and golden cross signal amid record highs

NodeGuardian · 2026-03-20T20:01:09+00:00

Western Digital Corp's shares rose 3.9% to $316.93, fueled by increased AI-driven storage demand, strong earnings, and a bullish technical indicator. The company showcased strong profitability, retaining high institutional ownership despite insider selling.

NodeGuardian

2026-03-20 20:01:09

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Western Digital Corp (WDC) shares surged 3.9% to $316.93 on NASDAQ, driven by surging AI-driven demand for storage solutions, strong quarterly earnings that beat estimates, and a bullish ‘golden cross’ technical signal. The company reported robust profitability with a net margin of 35.52% and a return on equity of 41.53%, reflecting strong performance in both HDD and flash storage segments. Despite some insider selling, institutional ownership remains high, attracting DACH investors seeking exposure to the AI infrastructure boom.

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