Search results for Western Digital
AI & Enterprise
AI beneficiaries are shifting in global stock markets
A смена of AI-related market leaders appears to be under way in global equities, with memory, hard-disk and fibre-optic cable companies driving gains in U.S. stocks rather than Nvidia, Microsoft or Amazon. Nvidia posted strong quarterly growth but its share rise lasted a day. Investors are showing interest in suppliers that ease data-centre expansion bottlenecks. Some enterprise software stocks have fallen after results amid worries AI could curb future growth.
AI & Enterprise
SanDisk, Western Digital quarterly results beat expectations as AI, cloud storage demand surges
SanDisk and Western Digital posted quarterly results that beat market expectations. The companies benefited as rising AI and cloud data centre demand lifted flash storage prices. SanDisk reported fiscal second-quarter revenue of $3.025 billion, up 31 percent, and adjusted earnings of $6.20 per share. Western Digital posted revenue of $3.017 billion, up 25 percent, and adjusted earnings of $2.13 per share, and provided a fiscal third-quarter outlook.
AI & Enterprise
SanDisk shares soar 976% in five months, emerging as AI beneficiary
SanDisk has emerged as an AI beneficiary after being viewed as an unremarkable NAND flash memory maker until mid-last year. Its shares have surged 976% in five months as AI-related data storage demand swelled from September, driving sharp rises in NAND and DRAM prices. The company, spun off from Western Digital in February, gained from cost competitiveness via a joint venture with Japan’s Kioxia. It reports quarterly results on Jan. 29 local time.
