Western Digital Corp (WDC) announced a $4 billion share buyback program and impressive fiscal second-quarter results, making WDC stock a buy for growth investors. The tech firm benefits from strong demand for hard disk drives (HDDs) in data centers amid the AI boom. Last quarter, revenue rose 25%, operating income jumped 62%, and diluted net income per share soared 272%. With a market cap of $98.4 billion and a price-earnings ratio of 42 times, WDC’s shares are rated as a Strong Buy. Morgan Stanley raised its price target on WDC to $369, expecting the company to benefit from the AI boom for a significant period.

Read more at Barchart: A $4 Billion Reason to Buy Western Digital Stock Now