Western Digital Stock Adds To Rally After 'Innovation Day,' Buyback Boost

Group 1 - Western Digital expects significant demand for data storage driven by AI advancements [1] - The company projected over 20% compound annual revenue growth in the coming years [1] - Stock prices for Western Digital have surged following the Innovation Day event and buyback announcement [1] Group 2 - The data center market is anticipated to expand by 14% in 2026, indicating a robust growth environment for storage solutions [1] - Analysts have raised price targets for Western Digital stock, reflecting positive market sentiment [1] - The company is focusing on developing new hard-disk drives to meet the increasing demand for data storage [1]