Western Digital Soars on Strong Q1 Beat, Raised Guidance, and Dividend Increase
Western Digital exceeds Q1 expectations with $2.82B revenue, raises dividend 25%, and provides optimistic guidance as AI-driven data storage demand surges.
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Western Digital and Seagate Get Major Price Target Hikes
Loop Capital and Wedbush significantly increase price targets on WDC and STX, citing strong HDD demand, supply constraints, and accelerating earnings growth.
AI Needs Storage: Why the Humble Hard Drive is the Tech Boom's Dark Horse
The AI revolution is driving massive demand for data storage, giving the hard drive industry, led by Western Digital and Seagate, an unexpected and powerful resurgence.