Western Digital reported a strong quarter with 44% year-over-year revenue growth, driven mainly by its cloud storage segment which now leads its revenue. The company saw a 22% increase in exabyte shipments and maintained strong pricing power, resulting in good operating leverage. Despite concerns over Seagate's HAMR technology, Western Digital is advancing its own 40TB ePMR drives and plans to release a 44TB HAMR drive by the first half of 2027, reducing long-term risks. The stock is considered fairly valued around $435, with strong demand for AI-driven storage supporting a buy-the-dip strategy amid short-term volatility.
The KOSPI index surged 2.41% on Friday, ending a seven-week losing streak with an 11.5% gain for the week, driven by strong performances in memory chip stocks like SK Hynix and Samsung Electronics. The rally was sparked by SanDisk's Investor Day, whe...
Sandisk shares rose 7% following a strong 14% gain the previous day, driven by bullish analyst price target resets and a $14 billion share buyback authorization. This surge is part of a broader rally in the global memory sector, supported by South Ko...
SanDisk received an "Outperform" rating from Evercore ISI, driven by its optimistic financial outlook and rising AI storage demand. The company projects mid-to-high teens revenue growth from 2028 to 2030, supported by its new long-term financial mode...
Memory and storage stocks surged Thursday, led by SanDisk up 15%, SK Hynix up 9%, and Western Digital up 7%, driven by optimism around AI infrastructure and strong earnings. The rally began in Seoul with a 4% Kospi gain, boosting SK Hynix and Samsung...
Memory and storage stocks surged Thursday following strong earnings reports across the sector. Sandisk shares jumped 16% after reporting Q4 FY2026 non-GAAP EPS and revenue well above expectations, driven by a 437% YoY datacenter revenue increase. Mic...
