Alliancebernstein L.P. and
Norges Bank have reduced their stock holdings in
Western Digital Co., leading to a rampant decline in shares amid new tariffs. On the positive note,
Western Digital maintains its 'Buy' rating through its continuous AI-driven storage growth.
California Public Employees Retirement System and
Prudential Financial Inc. have increased their position in
Western Digital. In addition, senior notes have been redeemed and
Ahmed Shihab has been appointed as the Chief Product Officer. Amid challenges,
Western Digital looks promising as an upside stock and a bullish case theory has been provided. Some analysts have pegged it as the best data center and computer hardware stock to invest in. However, despite being one of billionaire Paul Singer’s top long-term stock picks, it faces criticism from
Jim Cramer. There's a potential rebound after a 26.7% drop in stock since the last earnings report, but the company's shares have taken another dip with the market uptick. The financial forecast is promising as
Western Digital plans to announce third quarter fiscal 2025 results in January 2025 and investor attention on the company is heightened.
Western Digital Corp WDC News Analytics from Wed, 25 Sep 2024 07:00:00 GMT to Sat, 05 Apr 2025 23:06:08 GMT -
Rating -4
- Innovation 6
- Information 7
- Rumor -6
