News about WDC

The article argues that Western Digital (WDC), which makes high-capacity hard disk drives for cloud computing companies, is an important but less-noticed part of AI infrastructure alongside Micron and Sandisk. A May customer survey found 87% of respondents prioritized expanding storage capacity and lowering total ownership costs, and 70% of those who knew their storage mix said hard drives made up more than half of their capacity. Western Digital has a roadmap for drives above 100 terabytes, and a 40-terabyte drive is undergoing customer qualification. For fiscal Q4, revenue was $3.75 billion, up 44% year over year; GAAP net income of $3.19 billion included a $2.05 billion gain tied to Sandisk, while adjusted net income was $1.38 billion, up 130%. The stock is up 105% so far this year.