Western Digital Corp. (NASDAQ:WDC) stock rose 1.95% at last check on Friday as investors weighed uncertainty over new semiconductor tariffs that could affect technology hardware and AI data center supply chains.
The Trump administration is reportedly considering expanding semiconductor-related tariffs to additional technology products, including laptops, gaming consoles and data center servers.
Commerce Secretary Howard Lutnick supports a framework that would link tariff relief to foreign investment in U.S. chip manufacturing.
The White House pushed back on the reports, saying tariff coverage should be considered "baseless speculation" unless officially announced. It also said the administration is pursuing a "nimble, nuanced, and multi-faceted approach" to bringing critical manufacturing back to the U.S.
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $649.79 (31 analysts), with targets ranging from $450.00 to $900.00. Recent analyst moves include:
