As a leading provider of data storage solutions, Western Digital Co. NASDAQ: WDC stands at the forefront as a key benefactor of the artificial intelligence (AI) data cycle. AI requires processing power from GPUs, low latency networking from optical controllers, and massive storage capacity and performance for processing, analyzing, generating, and storing oceans of data.
Western Digital (WDC) reported earnings 30 days ago. What's next for the stock?
Zacks.com users have recently been watching Western Digital (WDC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Western Digital's (WDC) expansion in Thailand with a $693 million investment is reportedly approved by the country's Board of Investment.
Western Digital plans to spin off its Flash memory business in H2 2024, potentially merging it with Kioxia. The company's HDD segment has a stronger market position and higher profitability than its Flash segment. The spin-off could benefit Western Digital by focusing on the growing HDD market and improving profitability margins.
Thailand has approved Western Digital's investment project worth 23.5 billion baht ($693 million) to expand its hard disk drive production base in the country, Thailand's Board of Investment (BOI) said on Monday.
Recently, Zacks.com users have been paying close attention to Western Digital (WDC). This makes it worthwhile to examine what the stock has in store.
Western Digital (WDC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Western Digital has fallen sharply after posting strong Q4 results, largely sympathizing with Intel's declines. Western Digital itself, however, is experiencing a surge in memory orders and healthy pricing, which is leading to vastly expanded profitability. The company has good visibility into FY25, given its request to customers to provide a 52-week lead time on incoming orders.
Western Digital Corp (NASDAQ:WDC) stock is sliding today, down 9.5% at $60.70 at last glance, after the computer hardware name's fiscal fourth-quarter revenue miss and disappointing guidance.
Western Digital's (WDC) fiscal fourth-quarter performance is powered by steady momentum in the cloud segment, along with healthy growth in both the client and consumer segments.
Western Digital Corporation (WDC) Q4 2024 Earnings Call Transcript