Western Digital, a leading hard disk drive (HDD) provider, reported a 44% year-over-year revenue increase in Q4 driven by strong demand from cloud and AI workloads. Cloud customers made up 89% of revenue, with shipments growing 22% in exabytes. Gross margins expanded to 54.1%, with guidance for further improvement to 55%-56%, supported by high-capacity drives and operational efficiency. Trading at a 19x P/E with expected 75% earnings growth, Western Digital remains a compelling buy opportunity.
Seagate Technology's shares fell 15% in one week, trading well below analyst price targets despite strong revenue growth of 34% in fiscal 2026 and record free cash flow. The company leads in AI storage with its Mozaic platform and has nearly fully al...
SK Hynix shares fell 6% following a five-day selloff in Seoul sparked by ChangXin Memory Technologies' announcement of a new memory-cell design with higher capacity. This news also caused Western Digital and Seagate shares to drop 7%, despite their f...
Shares of Micron, SK Hynix, and Western Digital dropped after Chinese chipmaker ChangXin Memory Technologies (CXMT) announced progress on a denser server memory chip design targeting the lucrative AI-driven market. CXMT aims to launch this new produc...
