Western Digital's stock fell 4% even as it promoted AI storage solutions at a major conference, reflecting market skepticism without new orders or product launches. Seagate's shares dropped 5% amid broader hard disk drive sector weakness, while Micron's stock remained steady, highlighting a divergence between memory and HDD market valuations. Western Digital and Seagate's AI storage optimism relies on long-term contracts, but today's selloff suggests investors are cautious until fresh customer commitments emerge. The market will watch for clearer signs of demand from hyperscale customers during upcoming conferences.
Western Digital trades at USD 412.20, down 3.45% as of Sep 16, 2026 01:02 WIB on Pluang. Seagate shares also fell 4.78% to USD 767.44. Micron remains steady at USD 925.28, up 0.14%, showing resilience in memory stocks despite HDD sector weakness.
Seagate and Western Digital both reported strong Q4 2026 results with similar revenue guidance for Q1 2027. Seagate is already shipping next-gen HAMR Mozaic drives to major cloud customers, betting on long-term demand for high-capacity storage. Weste...
Western Digital (WDC) has locked in multi-year contracts for hard drive sales through 2027-2028, ensuring steady demand and reinforcing a positive investment outlook. The company's revenue is now 89% driven by cloud demand, with a focused market on h...
Western Digital, a leading hard disk drive (HDD) provider, reported a 44% year-over-year revenue increase in Q4 driven by strong demand from cloud and AI workloads. Cloud customers made up 89% of revenue, with shipments growing 22% in exabytes. Gross...
SanDisk's stock surged 2,107% over the past year, driven by explosive growth in AI-related data storage demand and strong financial results, including a 371.6% revenue increase in fiscal Q4 2026. This remarkable performance has shifted the market lan...
Western Digital is rated a Buy due to growing demand for AI-driven storage and a reasonable forward valuation of about 17.5 times EV/EBITDA. Structural changes in AI workloads support a stable, less cyclical demand for storage with pricing power expe...
