Western Digital (WDC) is trading 10.5% up at $431.99 in after-hours trading following strong quarterly results and guidance from competitor Seagate Technology.
- The stock closed at $390.99 on April 28 before surging after the bell, tracking a similar 11% jump in Seagate (STX) shares.
- Seagate's report significantly exceeded analyst expectations, signaling broad demand strength across the storage sector.
- The rally in WDC comes despite a lack of company-specific news, as investors react to positive sector-wide sentiment.