Western Digital (WDC) Stock Rises 7% Amid HBM Supply Concerns
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowWestern Digital (NASDAQ: WDC) stock increased by 7% as of 11:25 a.m. ET on August 17, 2026, after comments from Howard Lutnick regarding high-bandwidth memory (HBM) sourcing. The Trump administration prefers Apple (NASDAQ: AAPL) to reshore semiconductor manufacturing instead of purchasing HBM from China’s Yangtze Memory Technologies and CXMT. As demand for memory technology grows, Western Digital's hard drives may become a more appealing alternative for companies facing higher HBM prices. With a price-to-earnings ratio of 21x and expected long-term earnings growth of 68%, Western Digital's stock appears relatively attractive in the current market landscape.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Apple Inc. (AAPL)
Apple designs and sells consumer electronics: the iPhone, Mac, iPad and Apple Watch. It also runs a fast-growing services business spanning the App Store, iCloud and Apple Pay.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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