Pivotal-Point Tracking Western Digital (WDC): High Demand for Storage Solutions During the AI and Cloud Boom Drives Q3 Revenue Up 27.4%!
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The manufacturer of data storage solutions and components offers a wide range of products, such as hard disk drives (HDDs) and solid-state drives (SSDs). The company is massively benefiting from the increasing demand for storage capacity, especially in cloud infrastructure and data centers. 87% of the revenue in Q3 comes from the cloud segment. AI applications, such as machine learning, also require massive storage capacities to process and store vast datasets. In Q3, the adjusted earnings per share of $1.78 exceeded the consensus estimate of $1.58....
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