Western Digital (WDC) Climbs to All-Time High Ahead of Earnings

Group 1 - Western Digital Corp. (NASDAQ:WDC) experienced a significant stock rally, reaching an all-time high of $284 before closing at $279.70, reflecting a 10.79% increase [1] - The company is set to announce its financial results for Q2 of fiscal year 2026, projecting revenues of $2.9 billion, with a margin of plus or minus $100 million, and diluted earnings per share of $1.88, plus or minus $0.15 [2] - Revenue growth is expected to be driven by increased demand in data centers and improved profitability from high-capacity drive adoption [3] Group 2 - Mizuho investment firm raised Western Digital's price target to $265 from $240, maintaining an "outperform" rating [4] - The company will hold an Innovation Day on February 3 to showcase innovations aimed at meeting the rising demand for data storage in the AI-driven economy [3]