Reports of elevated loan losses from regional banks weighed on the sector, while expectations of AI-driven growth helped lift shares of companies in the data storage and memory chip businesses.
Growing demand for artificial intelligence and persistent shortages of memory and data storage solutions could mean bigger gains for providers of the hardware, according to Wall Street AI bulls.
SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC), the backbone of the AI-driven data economy, plans to announce its first quarter fiscal year 2026 financial results after the market closes on Thursday, October 30, 2025. The company will host a conference call with the investment community to discuss these results on October 30, 2025, at 1:30 p.m. Pacific / 4:30 p.m. Easter...
ROCHESTER, Minn.--(BUSINESS WIRE)--Western Digital (Nasdaq: WDC), the backbone of the AI-driven data economy, today announced the opening of its expanded System Integration and Test (SIT) Lab, a state-of-the-art 25,600 square foot facility designed to accelerate customer success and unlock faster time to value. As AI applications drive unprecedented storage demands, the new lab directly address...
The S&P 500 (^GSPC -2.71%) index just posted its strongest September in 15 years, gaining 3.5% during the month. Technology stocks led the way, with some absolutely crushing the index with over 50% gains.
Western Digital (WDC) stock shows stronger revenue growth across key periods, better profitability, and a relatively lower valuation compared to Dell Technologies (DELL), suggesting investors may find WDC a more compelling opportunity.
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