Western Digital's cloud business generates nearly 90% of its revenue, driven by growing AI data needs that boost demand for high-capacity hard drives. The company aims to reduce costs by about 10% annually through advanced UltraSMR and HAMR drives, potentially expanding profit margins. Although Toshiba's planned capacity expansion poses pricing risks, Western Digital's higher-capacity products and long-term customer agreements offer competitive advantages. Despite a 10% stock drop after Toshiba's news, Western Digital trades at a discount to peers and shows technical signs of an upward breakout, suggesting potential for recovery and growth.
Western Digital shares are down 10.22% at USD 415.29 as of Oct 03, 2026 19:21 WIB on Pluang, reflecting significant market reaction to recent news. Despite this drop, the stock maintains strong buying interest with 81% of Pluang orders favoring buys. The company’s market cap stands at $149.73 billion, highlighting its substantial presence in the tech sector as it navigates competitive pressures and growth opportunities.
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...
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