Western Digital said quarterly revenue is expected to come in above Wall Street estimates, citing strong demand for data storage from artificial intelligence companies and improved pricing power. The update points to healthier fundamentals for the storage market and suggests AI-related demand is supporting the company’s near-term outlook.
Western Digital said quarterly revenue is expected to come in above Wall Street estimates, citing strong demand for data storage from artificial intelligence companies and improved pricing power. The update points to healthier fundamentals for the storage market and suggests AI-related demand is supporting the company’s near-term outlook.
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moderately positive
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0.55
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