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I see the recent quarterly results of Western Digital as an impressive proof that the demand for Hard Disk Drives (HDDs) in the era of cloud computing and AI has been massively underestimated. The company has significantly exceeded consensus expectations with its earnings and revenue. Even more importantly, the gross margin has improved significantly from 37.3% to 43.9%, indicating a successful shift to high-capacity, higher-margin drives. The stock, which has already risen by over 200% this year, is further fueled by long-term orders from hyperscalers....
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