UltraSMR

Morgan Stanley raised its price target on Western Digital (WDC) from $488 to $650, maintaining an Overweight rating, citing annual HDD demand growth of 40-50% driven by AI infrastructure spending. The…

Western Digital began shipping its 40TB ePMR UltraSMR nearline drive in the quarter ending July 3, and on August 5 told investors its 44TB HAMR drive remains on track for the first half of calendar 20…