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Is Western Digital (WDC) the Best Performing Data Center Stocks So Far in 2026?
On May 18, 2026, Western Digital Corporation (NASDAQ:WDC) announced the integration of post-quantum cryptography into its latest high-capacity Ultrastar UltraSMR hard disk drives, marking a new step in storage security for next-generation AI infrastructure. The company said the move comes as AI systems increasingly shift from compute-focused architectures toward persistent data storage environments supporting training, inference, and broader AI interactions. Western Digital added that the new drives are currently undergoing qualification with multiple hyperscale customers, reflecting early interest in quantum-resilient storage technologies.
Earlier in May, Baird raised the firm’s price target on Western Digital Corporation (NASDAQ:WDC) to $450 from $310 and maintained an Outperform rating on the shares. The firm said its updated model, following the company’s Q1 results, points to another wave of accelerating demand for storage infrastructure.
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