The Alger Dynamic Opportunities Fund's Class A shares outperformed the S&P 500 Index in the second quarter of 2026. The fund maintained an average long exposure of 88.77% and a short exposure of -37.38%. Top contributors to the fund's performance included Nebius Group, Astera Labs, and Western Digital, while Artivion, Netflix, and GDS Holdings detracted from returns. This performance highlights Alger's active growth equity strategy amid market changes and innovation trends.
Western Digital (WDC) has become a pure-play HDD supplier, with 89% of its revenue coming from cloud hyperscalers under long-term agreements through 2029. The company reported strong Q4 results, including 44% revenue growth, 109% EPS growth, a 54.4% ...
Western Digital's stock has fallen over 30% in three months despite beating earnings estimates five times in a row, mainly due to supply concerns from Toshiba's planned production expansion. Analysts remain bullish, with an average price target imply...
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...
