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Western Digital Jumps 7% on Morgan Stanley’s 33% Price-Target Hike, Seagate Gains 5% as the AI Storage Boom Rolls On
Key takeaways
- San Disk s datacenter revenue surged 645% year-over-year and Micron guided to $33.5B in quarterly revenue with ~81% gross margins, powering the super-cycle thesis.
- WDC carries 21 analyst Buy ratings yet trades at 39x earnings with insiders net selling, and STX insiders have also trimmed, fueling the bubble debate.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Seagate Technology didn t make the cut.
Western Digital Jumps 7% on Morgan Stanley’s 33% Price-Target Hike, Seagate Gains 5% as the AI Storage Boom Rolls On David Moadel Tue, June 16, 2026 at 8:26 PM GMT+7 4 min read WDC MS MU SNDK STX Quick Read Morgan Stanley s 33% price-target hike drove WDC to a fresh all-time high while STX gained 5%, as the AI storage trade broadened across the sector.
San Disk s datacenter revenue surged 645% year-over-year and Micron guided to $33.5B in quarterly revenue with ~81% gross margins, powering the super-cycle thesis.
WDC carries 21 analyst Buy ratings yet trades at 39x earnings with insiders net selling, and STX insiders have also trimmed, fueling the bubble debate.
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