An analyst reiterates a Strong Buy rating on Western Digital, citing proof of AI-driven storage demand with 45% revenue growth expected by Q3 2026. Key growth drivers include nearline cloud demand, UltraSMR technology, cost reductions per terabyte, and HAMR technology. The analyst projects 2028 EPS of $20.70 and a price target of $1,107, implying a 108% upside from the current price of $531. Risks include potential slowdowns in AI cloud storage demand and execution challenges with HAMR technology.
Micron, Samsung, and SK Hynix are benefiting from a global memory shortage caused by rising enterprise and AI demand. These companies have shifted focus to high-margin data center contracts, resulting in significant year-over-year revenue growth: Mic...
Jim Cramer warns investors that heavy reliance on index funds, skepticism of obvious AI investment themes, and lingering fears from the dot-com bust may cause them to miss out on major AI market winners. He highlights Snowflake's recent 36% stock sur...
