Hard Disk Drive

Search documents
US stock market top gainers & losers today: Apple, Supermicro, Expand Energy, EQT rise - while Oracle, AppLovin, Seagate, Western Digital fall
The Economic Times· 2025-10-20 21:48
Market Overview - US stocks rose on October 20, with major indexes gaining over 1% due to optimism over strong product demand and upcoming corporate earnings [1][10] - The S&P 500, Dow, and Nasdaq each experienced significant increases as investors prepared for a busy week of earnings reports and key inflation data [1][10] Company Highlights - **Apple**: Shares jumped nearly 4% to a record close, driven by robust demand for the iPhone 17 series in the US and China, with sales in the first 10 days outpacing its predecessor [2] - **Super Micro Computer**: Stock rose 5.5% following a technical analyst's suggestion of a bullish "cup and handle" pattern, despite recent pressure from missed sales and profit forecasts [3][4] - **Energy Sector**: Energy stocks advanced, with Expand Energy shares surging 6% and EQT Corp gaining nearly 5%, attributed to rising natural gas prices and forecasts for colder weather increasing heating demand [6] - **AppLovin**: Shares fell 5.6% amid growing regulatory scrutiny over data-collection practices, with ongoing investigations by the Securities and Exchange Commission [7][13] - **Oracle**: Stock declined nearly 5% after setting ambitious AI growth targets, raising concerns about rising capital expenditures and dependence on revenue linked to OpenAI [8][13] - **Seagate Technology and Western Digital**: Shares declined by 4.9% and 3.7%, respectively, with analysts noting strong demand for AI-related infrastructure through 2026 but potential cyclical slowdown in 2027 [9][13]
Evercore ISI Raises PT on Western Digital Corporation (WDC), Keeps a Buy Rating
Yahoo Finance· 2025-10-17 13:26
Company Overview - Western Digital Corporation (NASDAQ:WDC) is recognized as a leading large-cap stock with significant investment potential, as indicated by a price target increase from $85 to $190 by Evercore ISI analyst Amit Daryanani, who maintains an outperform rating on the stock [1]. Industry Insights - The Hard Disk Drive (HDD) industry is poised to benefit from structural tailwinds driven by artificial intelligence (AI) and increasing cloud demand, which are expected to enhance exabyte shipment growth, pricing discipline, and technological advancements [2]. - The HDD sector is undergoing a transformation that may lead to price re-evaluations and sustained financial performance, indicating a positive outlook for companies like Western Digital [3]. Product and Market Position - Western Digital develops and manufactures a variety of storage devices and solutions catering to diverse users, including students, gamers, enterprises, and public cloud services [3].