NasdaqGS:WDCTech
Western Digital (WDC): Exploring Current Valuation After Fed-Fueled Market Rally and Analyst Upgrades
Western Digital (WDC) made some waves recently, and if you are keeping an eye on the stock, the sudden lift might have you wondering what’s behind it. In this case, the spark wasn’t company-specific, but rather came from Washington, where Fed Chair Jerome Powell’s comments at the Jackson Hole symposium soothed concerns about persistent high interest rates. Investors interpreted the dovish shift as a sign that the era of aggressive rate hikes could be winding down, which sent equities broadly...