Western Digital, Micron, Sandisk hover at all-time highs as AI trade reignites
Key takeaways
- Other AI-related storage and memory stocks, including Micron Technology (MU) and San Disk (SNDK), also moved higher.
- Data storage company Western Digital extended gains from Monday, when the stock surged 16% after Morgan Stanley raised its price target and maintained an Overweight rating on the stock.
- Western Digital, along with memory chip manufacturer Micron Technology and storage maker Sandisk, were among 30 S&P 500 (^GSPC) stocks that closed at record highs on Monday.
Western Digital, Micron, Sandisk hover at all-time highs as AI trade reignites Ines Ferré · Senior Business Reporter Tue, June 16, 2026 at 8:21 PM GMT+7 1 min read WDC MU SNDK AMD ^GSPC What happened: Western Digital (WDC) stock was poised to jump 9% at Tuesday s open. Other AI-related storage and memory stocks, including Micron Technology (MU) and San Disk (SNDK), also moved higher.
What s behind the move: The AI trade returned to the spotlight this week as stocks rallied following the announcement of a US-Iran peace agreement aimed at ending hostilities in the Middle East and reopening the Strait of Hormuz.
Data storage company Western Digital 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 s new price target is $650, up from $488.