Core Viewpoint - Western Digital's shares have reached an all-time high following a price target increase from a benchmark, indicating strong market performance and investor confidence [1][5]. Company Performance - Western Digital's stock has surged over 125% year-to-date and is up more than 250% from its lows in April [1]. - The company is part of a strong memory and storage sector, alongside Seagate and Toshiba, which are also performing well [2][4]. Market Analysis - The tech sector shows a mix of significant winners and losers, with Western Digital and Seagate identified as clear winners in the memory and storage space [2][3]. - The overall tech sector has increased by approximately 24% over the past year, contrasting with declines in software and semiconductor segments [3]. Analyst Insights - Analysts have raised price targets for Western Digital, with the benchmark increasing its target to $115 from $85 while maintaining a buy rating [5]. - Other financial institutions, including Barclays, Citigroup, and Morgan Stanley, have also raised their price targets earlier this month [5]. Future Projections - Global hard drive shipments are projected to reach about 1,600 exabytes by 2025, highlighting the growing demand for data storage [6]. - The expected range for Western Digital's stock price in the near term is between $97 and $107, based on options activity [10]. Options Activity - The highest concentration of open interest for upcoming options expiration is in the 96 and 100 strike calls, with notable put activity at the 90 strike [11]. - A significant bearish trade was observed with 2,200 January 16th 80 strike puts and 2,500 October 3rd 95 strike puts, indicating some market participants are hedging against potential declines [14][15].

Micron Technology (MU) Q2 2025 Earnings Call March 20, 2025 04:30 PM ET Company Participants Satya Kumar - Corporate VP of Investor Relations & TreasurerSanjay Mehrotra - Chairman, President & CEOMark Murphy - Executive VP & CFOHarlan Sur - Executive Director - Equity ResearchTimothy Arcuri - Managing DirectorKrish Sankar - Managing DirectorJoseph Moore - Managing DirectorCJ Muse - Senior Managing DirectorChris Caso - Managing Director Conference Call Participants Christopher Danely - Analyst Operator As a ...