Western Digital

Western Digital is the former parent company of Western Digital===Sandisk and is selling 5,821,135 shares of Western Digital===Sandisk common stock. It intends to dispose of its remaining 1,691,884 shares through subsequent exchanges or distributions to its stockholders.

Western Digital's stock saw a significant increase, benefiting from the positive momentum in chipmakers and AI-infrastructure stocks.

Western Digital plans to raise $3.17 billion by selling some of its stake in its former unit Sandisk, which led to a decline in Sandisk's shares.

Western Digital, a digital storage company, is among the manufacturers that will benefit from the U.S. Strategic Critical Minerals Reserve, ensuring access to critical minerals for its production.

Western Digital, a data storage company, has posted double-digit gains this year as investors pivot to AI infrastructure plays.