Western Digital (WDC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Amid macroeconomic headwinds and spending cutbacks, momentum in cloud computing, IoT, auto, connected devices, VR and AI will likely favor the prospects of the Zacks Computer - Storage Devices industry players like NTAP, WDC, PSTG and TDC.
SAN JOSE, Calif., November 16, 2023--As new applications, use cases and connected devices multiply, Western Digital’s (NASDAQ: WDC) enterprise-class hard disk drives (HDDs) remain critical for helping data center customers design more cost-efficient, scalable and sustainable infrastructure. When combined with the emergence of generative AI and the multitude of innovative applications it is enabling, the demand for high-capacity, low-power and reliable storage is poised to surge.