Western Digital shares rose 8% over the past five trading days, ranking among the biggest weekly gainers in the chip sector alongside SanDisk. The stock’s rally contributed to the semiconductor segment’s strong showing within the broader tech resurgence.

Chip stocks benefited from a 14% gain in tech-focused ETFs and leadership from Magnificent Seven names, as software outperformed hardware. Investors piled into semiconductors after the Nasdaq Composite climbed 6.8% this week, the S&P 500 added 4.5%, and the Nasdaq 100 extended its winning streak to 13 sessions.

Analysts will watch whether demand for hard drives and storage solutions continues supporting Western Digital’s momentum, especially as software stocks outpaced chip makers for the first time in months. Sustained tech index strength could further lift WDC shares if macro indicators remain favorable.