Western Digital Stock Rebounds as Wall Street Bets AI Storage Demand Outlasts Election Rout - Western Digital…

Benzinga · Anusuya Lahiri · 2026-11-06 15:08 UTC

Western Digital stock rose about 3% Friday after jumping more than 8% in premarket trading, following a 17% selloff Thursday on post-election AI data-center concerns. Strategists say the AI buildout remains intact but may stretch over a longer timeline, and the stock keeps a consensus Buy rating with an average price target near $589.

Western Digital Corp. (NASDAQ:WDC) stock rose about 3% Friday after jumping more than 8% in premarket trading, as investors weighed whether a 17% selloff Thursday over AI infrastructure spending and tighter data-center restrictions had gone too far.

The S&P 500 edged higher in early trading Friday, offering a modestly firmer backdrop after a sharp post-election technology rout.

The Nasdaq 100 fell 6.4% and the S&P 500 dropped 4.4% on Thursday, as the broader technology rout wiped about $3.2 trillion in market value from U.S. equities in a single session.

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