A high-conviction call from one of Wall Street's largest banks is drawing fresh attention to the critical role of data storage in the artificial intelligence (AI) revolution. On Oct. 21, Bank of America NYSE: BAC reiterated its Buy rating on Western Digital NASDAQ: WDC and raised its price target to $145 per share.
Western Digital and Seagate were once sleepy cyclical stocks. But storage technology is now at the heart of the AI boom, and analysts see no signs of a slowdown ahead.
Reports of elevated loan losses from regional banks weighed on the sector, while expectations of AI-driven growth helped lift shares of companies in the data storage and memory chip businesses.
Growing demand for artificial intelligence and persistent shortages of memory and data storage solutions could mean bigger gains for providers of the hardware, according to Wall Street AI bulls.
SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC), the backbone of the AI-driven data economy, plans to announce its first quarter fiscal year 2026 financial results after the market closes on Thursday, October 30, 2025. The company will host a conference call with the investment community to discuss these results on October 30, 2025, at 1:30 p.m. Pacific / 4:30 p.m. Easter...
ROCHESTER, Minn.--(BUSINESS WIRE)--Western Digital (Nasdaq: WDC), the backbone of the AI-driven data economy, today announced the opening of its expanded System Integration and Test (SIT) Lab, a state-of-the-art 25,600 square foot facility designed to accelerate customer success and unlock faster time to value. As AI applications drive unprecedented storage demands, the new lab directly address...
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