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 earnings estimates, suggesting the stock could double next year. Seagate and other storage-related stocks also rose amid growing optimism about an AI-driven storage super-cycle. Investors will watch upcoming earnings and market reactions to see if this momentum continues or if valuations have overheated.
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...
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...
Western Digital's stock surged 16% on Monday, making it the top gainer in the S&P 500 amid a strong day for technology stocks. Seagate Technology also saw a notable rise of 9%, ranking as the fourth-best performer in the index. The rally reflects gro...
Western Digital, traditionally a hard disk drive maker, has emerged as a key player in AI storage, with revenue up 45.47% year over year and gross margins surpassing 50% for the first time. CEO Irving Tan highlighted that AI workloads generate persis...
Fox is acquiring Roku for $160 per share in a $22 billion cash and stock deal, combining Fox's content and Tubi service with Roku's 100 million global streaming households. Fox shareholders will own 73% of the combined company, while Roku shareholder...
