Western Digital (WDC) closed the most recent trading day at $69.42, moving -1.48% from the previous trading session. This change lagged the S&P 500's 0.13% loss on the day. Meanwhile, the Dow gained 0.33%, and the Nasdaq, a tech-heavy index, lost 0.39%.The maker of hard drives for businesses and personal computers's stock has climbed by 11.79% in the past month, exceeding the Computer and Technology sector's gain of 2.7% and the S&P 500's gain of 2.43%.Analysts and investors alike will be keeping a close ey ...

SanDisk adapter and microSD card are seen in this illustration photo taken in Krakow, Poland on ... [+] January 30, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesWestern Digital stock (NASDAQ: WDC) has seen a 2x rise in value since early January 2023 – jumping from levels of $32 then to $66 now – vs. an increase of 47% for the S&P 500 over this period. In comparison, its peer – Seagate stock (NASDAQ: STX Stacks ) – has seen a 60% rise over this period. Both companies are ...

Western Digital (WDC) closed at $66.75 in the latest trading session, marking a +1.18% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.19% for the day. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.36%.Shares of the maker of hard drives for businesses and personal computers witnessed a gain of 3.01% over the previous month, beating the performance of the Computer and Technology sector with its loss of 0.09% and the S&P 500's ga ...

The most recent trading session ended with Western Digital (WDC) standing at $64.09, reflecting a -1.43% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.13%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq lost 0.52%.The maker of hard drives for businesses and personal computers's stock has climbed by 1.51% in the past month, falling short of the Computer and Technology sector's gain of 1.56% and the S&P 500's gain of 3.67%.Inve ...

Western Digital (WDC) ended the recent trading session at $62.79, demonstrating a +0.29% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.45%. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, added 0.84%.The maker of hard drives for businesses and personal computers's shares have seen an increase of 3.71% over the last month, surpassing the Computer and Technology sector's loss of 0.98% and the S&P 500's gain of 2.54%.Market par ...

Western Digital Corporation (NASDAQ:WDC) Goldman Sachs Communacopia + Technology Conference September 10, 2024 10:30 AM ET Company Participants Amitesh Bajad - IR Robert Soderbery - EVP and General Manager, Flash Business Conference Call Participants Toshiya Hari - Goldman Sachs Toshiya Hari Okay, we'd like to get started. Good morning, everyone. Thank you for coming to day two of our conference, Communicopia and Tech Conference at Goldman. My name is Toshiya Hari, I cover the semiconductor space at the fir ...

Core Viewpoint - Western Digital Corporation is in the process of spinning out its two businesses, focusing on enhancing operational efficiency and unlocking value for investors through this separation [6][9][57]. Business Strategy and Separation - The company is executing a "soft spin" to separate its flash and HDD businesses, with plans to finalize the separation by the end of the calendar year [7][8]. - Management believes that the two businesses have distinct investment profiles and cash flow characteristics, making them better as separate entities [6][9]. - The company has made significant progress in separating IT systems and operational structures to facilitate the spin-off [7][9]. Market Demand and Performance - The NAND business has seen a strong recovery, particularly in the data center market, which is now leading demand after a period of stagnation [16][19]. - HDD business has achieved record profitability, with improved supply-demand dynamics following a major reset of capacity during the downturn [19][20]. - The company is experiencing a balanced supply-demand situation in the HDD market, allowing for better visibility and planning for future demand [44][51]. Flash Business Insights - The flash market is characterized by varying recovery rates across different segments, with PCs and data centers showing strong demand while consumer spending is facing headwinds [21][23]. - The company is focusing on enterprise SSDs, expecting them to account for double-digit percentages of bit shipments in fiscal year 2025 [28][32]. - AI is anticipated to drive additional demand for NAND products, particularly in smartphones and data centers, as manufacturers prepare for increased capacity [26][27]. Joint Ventures and Partnerships - The joint venture with Kioxia remains strong, with a recent agreement extending their collaboration through 2034, which is crucial for technology roadmaps and capital efficiency [12][14]. - The company has invested significantly in R&D to maintain a competitive edge in NAND technology, focusing on capital-efficient production methods [13][36]. Technology and Innovation - The company is advancing its node transition strategy, with a focus on optimizing performance and density across different NAND technologies [36][40]. - The introduction of new technologies, such as Ultra SMR, is expected to enhance HDD capacity and profitability, positioning the company favorably in the data center market [62][64]. Capital Structure and Future Planning - The capital structure for the two separate companies is being designed to reflect their specific market dynamics and growth profiles, ensuring competitiveness in their respective sectors [57][58].

Financial Data and Key Metrics Changes - The company is experiencing a strong recovery in the NAND business after a downturn, with significant improvements in profitability and demand dynamics [16][19][20] - The HDD business has achieved record profitability, with a balanced supply-demand dynamic leading to better visibility in future demand [19][20] Business Line Data and Key Metrics Changes - The AC business is noted as the largest and fastest-growing segment, with a strong focus on profitability and execution [6][7] - The flash business is undergoing a strategic separation, with new leadership and a focus on consumer and enterprise segments [9][10][32] Market Data and Key Metrics Changes - The data center market is transitioning to stronger demand, which is now leading the recovery, while consumer spending is facing headwinds [16][18] - The company has seen a recovery in the PC market, but it is currently plateauing, indicating a need for inventory adjustments [16][18] Company Strategy and Development Direction - The company is in the process of spinning out two separate businesses to unlock value and allow investors to choose their investment focus [6][9] - There is a strong emphasis on maintaining a competitive capital structure for both new entities, considering market specifics and growth profiles [57][58] Management's Comments on Operating Environment and Future Outlook - Management expresses confidence in the recovery of the NAND and HDD markets, with expectations for sustained profitability and improved margins [20][19] - The company is optimistic about the impact of AI on both the flash and HDD businesses, anticipating increased demand as AI technologies are integrated into devices [27][45] Other Important Information - The joint venture with Kioxia is expected to remain strong, with a new agreement extending through 2034, ensuring continued collaboration on technology roadmaps [12][14] - The company is focusing on innovation within its NAND technology, with advancements in node transitions and product offerings [36][41] Q&A Session Summary Question: Recap on the strategic graphs for spinning out the two businesses - Management discussed the strategic separation of the businesses to enhance focus and execution, with plans to operate as independent public companies by early October [6][9] Question: Impact of Kioxia's IPO on the joint venture - Management reassured that the joint venture remains strong and is expected to continue its successful collaboration despite Kioxia's IPO plans [12] Question: Changes in end demand across various segments - Management noted a strong recovery in the data center market, while consumer demand is currently facing challenges [16][18] Question: Concerns about flash pricing and market dynamics - Management acknowledged the complexities in flash pricing across different markets, emphasizing that while some segments are recovering, others are experiencing a plateau [21][23] Question: Capital structure planning for the two spin companies - Management outlined the framework for establishing competitive capital structures for both new entities, focusing on market specifics and growth profiles [57][58] Question: Timeline for HAMR technology development - Management indicated that HAMR technology is part of the long-term roadmap, with a focus on achieving significant capacity milestones before its introduction [60][62]

Western Digital TodayWDCWestern Digital$62.88 -2.71 (-4.13%) 52-Week Range$35.62▼$81.55Price Target$84.18Add to WatchlistAs a leading provider of data storage solutions, Western Digital Co. NASDAQ: WDC stands at the forefront as a key benefactor of the artificial intelligence (AI) data cycle. AI requires processing power from GPUs, low latency networking from optical controllers, and massive storage capacity and performance for processing, analyzing, generating, and storing oceans of data. The latter is whe ...

It has been about a month since the last earnings report for Western Digital (WDC) . Shares have added about 4.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Western Digital due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Western Digital Q4 Earnings Beat Estimat ...