US Stocks Movement | Western Digital Surges Nearly 9% to a Record High, Announces Additional $4 Billion Stock Buyback Plan

Glonghui, February 3rd｜A certain exchange surged nearly 9%, reaching a record high of $294.24. According to reports, the exchange announced that its board has authorized an additional $4 billion for share repurchases. CEO Irving Tan stated that the expanded buyback authorization demonstrates the company’s confidence in its future and its commitment to shareholder value. In addition, CFO Kris Sennesael said that Western Digital’s production capacity for 2026 has already been fully booked, with two contracts extended to 2027 and one contract extended to 2028. The company is also in ongoing discussions with other clients about the possibility of extending contracts to 2028 or 2029, and some clients have even started inquiring about 2030.