Reported about 16 hours ago
Western Digital anticipates second-quarter earnings exceeding Wall Street expectations due to rising demand for data storage products as cloud providers expand data center capacity. The company raised its cash dividend by 25% to $0.125 per share, resulting in a nearly 10% increase in its stock price in after-hours trading. The surge in demand, driven by the AI boom and growing cloud infrastructure, is benefiting firms like Western Digital and Seagate Technology.
Source: YAHOO