After 50% Gains This Year Will AI Demand Continue To Drive Western Digital Stock Higher? [Forbes]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: Forbes
Digital (WD, NASDAQ: WDC) logo seen displayed on a smartphone with an Artificial intelligence (AI) chip and symbol in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) has seen its stock price surge over 55% this year, while its peer saw over 25% gains. The rise in WDC stock lately can be attributed to higher demand for memory targeted at artificial intelligence applications. Memory prices have been trending higher after witnessing meaningful declines last year, amid reduced purchases by enterprise customers. TrendForce estimates that contract prices for NAND flash to be up 15% to 20% in Q2 this year. [ ] The demand is also picking up from the PC market and high-end smartphones. Note that Western Digital is in the process of splitting into two verticals — hard drive and NAND business. The current CEO of Western Digital — David Goeckeler — will head the NAND flash memory spinoff company, while Irving Tan, currently executive vice presiden
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WDC
News
- Here's Why Western Digital (WDC) Fell More Than Broader Market [Yahoo! Finance]Yahoo! Finance
- Q1 Earnings Outperformers: Western Digital (NASDAQ:WDC) And The Rest Of The Semiconductors Stocks [Yahoo! Finance]Yahoo! Finance
- Western Digital Stock: Not Attractive [Seeking Alpha]Seeking Alpha
- Western Digital (WDC) Rises Higher Than Market: Key Facts [Yahoo! Finance]Yahoo! Finance
- Western Digital Corporation (WDC): Is this Hardware Stock a Good Buy According to Hedge Funds? [Yahoo! Finance]Yahoo! Finance
WDC
Earnings
- 4/25/24 - Beat
WDC
Sec Filings
- 6/18/24 - Form 4
- 6/17/24 - Form 144
- 6/17/24 - Form 4
- WDC's page on the SEC website