Western Digital reported a strong Q3 fiscal 2026 with revenue of $3.3 billion, up 45% year-over-year, and earnings per share nearly doubling to $2.72. The company benefits from high demand for its data storage solutions driven by AI and cloud computing growth. Guidance for the next quarter is optimistic, with expected revenue of $3.65 billion and EPS of $3.25. Institutional investors are showing strong support, pushing shares up 295% this year, signaling confidence in Western Digital's growth prospects.
South Korea, though small in size, has become a major winner in the 2026 AI boom thanks to its dominance in high-bandwidth memory (HBM) production. Key companies SK Hynix and Samsung Electronics, which together make up nearly half of the iShares MSCI...
US stock futures showed mixed results with the S&P 500 slightly down while the Dow Jones and Nasdaq 100 edged higher following a recent rally. The market reacted to a preliminary US-Iran agreement aimed at extending a ceasefire and reopening the Stra...
Shares of Intel and AMD fell by 7% and 6% respectively after recent strong gains, with no new negative news driving the drop. Both companies reported strong Q1 FY2026 results, highlighting growth in AI and data center segments. The pullback is viewed...
Western Digital's stock surged 7% to a new all-time high near $701 following Morgan Stanley's upgrade, which raised the price target by 33% to $650. The bank highlighted Western Digital's strong UltraSMR and HAMR technology roadmap and raised earning...
Western Digital's stock surged to a new 52-week high following a bullish upgrade by Morgan Stanley analyst Erik Woodring, who raised his price target from $488 to $650. The optimism is driven by expected 30%+ year-over-year growth in nearline enterpr...
