Prediction: Western Digital Gets Back to Its High Before Sandisk Gets Back to Its Own.
Two storage stocks surged together last week. Their paths back to record highs are nothing alike.
Overview
On the surface, Western Digital (NASDAQ: WDC) and Sandisk (NASDAQ: SNDK) are running the same race. The two were one company until they separated in 2025, and both sell storage into the AI (artificial intelligence) data center build-out.
Both also surged on Thursday. Western Digital rose 15.4% to $533.04 while Sandisk jumped 26% to $1,279.96, after Samsung forecast that the memory supply shortage will get worse in 2027 and persist into 2028. Friday split them: Western Digital added another 2.2% to close at $544.84, while Sandisk gave back 5.1% to $1,214.83.
Details
And both stocks sit far below their record highs. That, however, is where the sameness ends. Western Digital, at $544.84, needs about a 47% gain to reclaim its high of $799.87. Sandisk, at $1,214.83, needs about 94% to get back to $2,354.39.
Source
Originally published at www.fool.com.