Western Digital shares surge 105% on high-capacity storage demand amid AI infrastructure expansion
SNDK Sandisk Corp
$1365.38 -0.42%
View chart & analysis → - 1Western Digital's share price has increased by 105% this year.
- 2Revenue for the fourth fiscal quarter ended July 3 was $3.75 billion, a 44% increase year-over-year.
- 3According to a September IDC survey, 61% of surveyed organizations experienced at least 25% year-over-year data growth due to AI.
So what's the key point?
Western Digital's stock price has risen 105% this year. As artificial intelligence increases data, more places are looking for storage devices.
Source The Motley Fool +1 · View original ↗
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