WDC

Fred Alger Management, an investment management company, released its “Alger Capital Appreciation Fund” second-quarter 2026 investor letter. A copy of the letter can be downloaded here. US equities strongly rebounded in the second quarter, with the S&P 500 Index rising 15.2%. Easing geopolitical tensions and technological advancements fueled market optimism, propelling the Information Technology and Industrials sectors forward, while Energy and Utilities lagged due to falling oil and gas prices. Despite discussions on AI disruption, opportunities are identified within sectors adopting the technology as it enters its agentic phase. The Alger Capital Appreciation Fund's Class A shares outperformed the Russell 1000 Growth Index in the quarter, driven by strong performances in Information Technology and Communication Services, while Industrials and Financials detracted from overall performance. In addition, please check the Fund’s top five holdings to know its best picks in 2026. In its Q2 2026 investor letter, Alger Capital Appreciation Fund highlighted Western Digital Corporation (NASDAQ:WDC) as a notable contributor. Western Digital Corporation (NASDAQ:WDC) is a data storage company that engages in the manufacturing and distribution of data storage devices and solutions based on hard disk drive (HDD) technology. On July 15, 2026, Western Digital Corporation (NASDAQ:WDC) closed at $513.84 per share. One-month return of Western Digital Corporation (NASDAQ:WDC) was -31.14%, and its shares gained 666.70% over the past 52 weeks. Western Digital Corporation (NASDAQ:WDC) has a market capitalization of $177.11 billion. Alger Capital Appreciation Fund stated the following regarding Western Digital Corporation (NASDAQ:WDC) in its Q2 2026 investor update: Western Digital Corporation (NASDAQ:WDC) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 83 hedge fund portfolios held Western Digital Corporation (NASDAQ:WDC) at the end of the first quarter, up from 79 in the previous quarter. While we acknowledge the potential of Western Digital Corporation (NASDAQ:WDC) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see...

Dow Jones futures: Taiwan Semiconductor and GE Aero fell despite strong earnings as the AI stock sell-off continues.

SAN JOSE, Calif., July 13, 2026--(BUSINESS WIRE)--Western Digital Corporation (Nasdaq: WDC) plans to announce its fourth quarter and fiscal year 2026 financial results after the market closes on Wednesday, August 5, 2026. The company will host a conference call with the investment community to discuss these results on August 5, 2026, at 1:30 p.m. Pacific / 4:30 p.m. Eastern. A live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com. About WD WD, also known as Western Digital, builds the storage infrastructure that powers certainty in the AI-driven data economy. At the forefront of innovation, WD partners with the world's leading hyperscalers, cloud service providers, and enterprises to enable reliable storage solutions that are proven and trusted at scale. Driven by a culture of innovation and execution, WD helps customers store, protect, and use the world's data with confidence. Follow WD on LinkedIn and learn more at www.wd.com. © 2026 Western Digital Corporation or its affiliates. All rights reserved. Western Digital, the Western Digital design, and the Western Digital logo are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the US and/or other countries. All other marks are the property of their respective owners. View source version on businesswire.com: https://www.businesswire.com/news/home/20260713278497/en/ Contacts Western Digital Corporation Investor Contact: Ambrish [email protected] [email protected] Media Contact: Media [email protected]

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Western Digital has delivered a very large 3 year share price return while valuation checks suggest the stock may still trade below its intrinsic value. This creates a clear tension between past gains and what the numbers imply today. Over the past 3 years, Western Digital has returned about 17x. This puts extra focus on whether today’s price still leaves a margin between market value and fundamentals. Rising expectations for AI related storage demand can support the current valuation. However, competitive pressure in memory markets, including potential shifts in major customer sourcing, may weigh on pricing power and cash flows. On Simply Wall St’s broader checks, Western Digital presents a mixed picture rather than a clear bargain or clear overvaluation. 4 out of 6 valuation metrics point to undervaluation, and the Discounted Cash Flow (DCF) intrinsic value estimate also indicates the stock trades at a sizable discount. The stock's next move may depend on whether Western Digital’s earnings and cash generation evolve in line with what this apparent discount to intrinsic value is currently suggesting. Western Digital delivered 733.4% returns over the last year. See how this stacks up to the rest of the Tech industry. The Discounted Cash Flow (DCF) model estimates what Western Digital’s future cash generation could be worth in today’s dollars. Based on the latest twelve month free cash flow of about $2.7b and cash flow projections that assume a growing profile rather than permanent stagnation, the 2 Stage Free Cash Flow to Equity model points to an intrinsic value of about $1,033 per share. That DCF output sits well above the current share price, implying the stock screens roughly 48.5% undervalued on this cash flow view. Recent pressure on Western Digital and other memory stocks after reports of Apple exploring lower cost sourcing with CXMT helps explain why the market price may still be sitting well below this intrinsic estimate despite stronger AI related sentiment elsewhere in the sector. On this DCF view, Western Digital stock is currently described as undervalued relative to the cash flows analysts expect it to produce. Our Discounted Cash Flow (DCF) analysis suggests Western Digital is undervalued by 48.5%. Track t...

Despite a record quarter, Samsung's (005930.KS) preliminary earnings results are causing volatility in the memory sector, just ahead of SK Hynix's (000660.KS) Friday IPO. Yahoo Finance Senior Business Reporter Ines Ferré takes a closer look in the video above.

Samsung's record $58B operating profit sparked profit-taking that sent Micron and SanDisk each down 7%, despite their 245% and 635% YTD runs. Seagate fell 5% and the Roundhill Memory ETF dropped 6%, confirming that the Samsung-driven selloff swept the entire memory and storage sector. UBS and Bank of America frame the pullback as a healthy reset, with Micron's $50B Q4 guide and an HBM bottleneck through 2027 keeping the bull case intact. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today. Memory and storage stocks are selling off sharply in early trading Tuesday, reversing Monday's rebound. Micron Technology (NASDAQ:MU) shares are down 7% to $917, SanDisk (NASDAQ:SNDK) stock is off 7% to $1,616, and Western Digital (NASDAQ:WDC) shares are dropping 7% to $537. The selling extends across the group. Seagate Technology (NASDAQ:STX) stock is down 5% to $822, and the Roundhill Memory ETF (CBOE:DRAM) is trading 6% lower at $61. The moves are chip-specific, and the Dow is actually in the green Tuesday morning. The catalyst is Samsung Electronics. The Korean giant reported a preliminary Q2 operating profit of about $58 billion, a 19-fold jump from a year earlier that exceeded analyst estimates. Despite the record print, Samsung shares fell 7%, and as much as 10% intraday in Seoul. The reaction reflects profit-taking after Samsung stock surged 150% this year, and Deutsche Bank flagged that results were "only" 6% ahead of estimates. The bigger concern is about whether semiconductor and AI-adjacent companies can sustain these margins going forward. SK Hynix also traded lower in Asia, and that overhang has followed the tape into U.S. memory names. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today. The selloff hits a group that has been the year's runaway trade. Micron stock was up 245% year to date (YTD) heading into today's session, with the forward P/E ratio at 7x against a trailing P/E ratio of 22x. Micron's fiscal Q3 2026 print delivered revenue of $41.46 billion, up 346% year over year (YoY), with non-GAAP gross margin of 85%. SanDisk stock had climbed 635% YTD, and Western Digital shares were up 235% YTD. Meanwhile, Seagate stock had risen 216% YTD. Those gains explain...

Intel is among the chip stocks rising Monday as technology names rebound and investors look ahead to the start of earnings season.

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Western Digital (WDC). This company, which is in the Zacks Computer- Storage Devices industry, shows potential for another earnings beat. This maker of hard drives for businesses and personal computers has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 11.05%. For the most recent quarter, Western Digital was expected to post earnings of $2.41 per share, but it reported $2.72 per share instead, representing a surprise of 12.86%. For the previous quarter, the consensus estimate was $1.95 per share, while it actually produced $2.13 per share, a surprise of 9.23%. With this earnings history in mind, recent estimates have been moving higher for Western Digital. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Western Digital has an Earnings ESP of +6.20% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #1 (Strong Buy), it shows that another beat is possibly around the corner. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric...

(Bloomberg) -- Chip stocks are heading for their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go. Most Read from Bloomberg Yen Hits Four-Decade Low in Historic Slide That’s Rattled Japan Trump’s U-Turn on Iran Sanctions Would Unravel Decades of Curbs WhatsApp Opens Username Reservations to 3 Billion Users US Stocks Get Tech Boost After AI-Fueled Selloff: Markets Wrap Prabowo Risks Prompt Global Banks to Pull Cash Out of Indonesia “The story of the past six months is the market going all-in on AI infrastructure, but now people are asking if this is sustainable and if we should be worried,” said CJ Muse, senior managing director and technology analyst at Cantor Fitzgerald. The Philadelphia Stock Exchange Semiconductor Index has soared 81% in the second quarter, putting it on track for its best quarter ever with one day to go. The gauge is up 94% in 2026, which if it holds would mark its best year since the dot-com boom in 1999. In contrast, the tech-heavy Nasdaq 100 Index has gained 25% in the second quarter, while the S&P 500 Index has risen 14%. But just as the celebration is getting going, last week’s selloff provides a sobering wakeup call. The semiconductor index plunged 7.9% for its worst weekly decline since April 2025 as Wall Street increasingly questions the durability of the demand for chips. And there was more volatility on Monday, as the gauge swung from being down 3.2% to close up 3.8%. “The biggest concern is about whether hyperscalers will sustain and grow their investments beyond 2026,” said Muse, who doesn’t expect the spending spree to end anytime soon. Turbulence in chip stocks is nothing new, considering the group is highly cyclical with regular booms and busts. This latest run has been powered by AI demand, which remains robust. So far, the biggest spenders — Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Meta Platforms Inc. — are sticking to their aggressive plans. On the flipside, however, hardware makers like Apple Inc. have been forced to raise prices to account for the high cost of memory chips, pressuring their stocks as analysts worry about potentially weakening demand. And OpenAI is reportedly considering delaying its initial public offer...

Shares stumble Friday after gaining 22% on Micron earnings. Still, the stock could close lower on the week.

Shares of peer stocks SanDisk and Western Digital rallied over 12% in the overnight session. Booming demand for memory chips from AI data centers and component shortages have fueled a memory supercycle, benefiting the major players in the sector. Stocktwits sentiment for MU and DRAM was ‘extremely bullish.’ Memory chip stocks rallied in overnight trading late Wednesday, joining Micron after the chipmaker posted record fiscal third-quarter results and indicated that rapid growth will be sustained over the next few years. SanDisk and Western Digital stocks rose over 12% each, while Seagate shares were up 10%. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox Micron’s stock was up nearly 16%, and the Roundhill Memory ETF (DRAM) was up 10%. The euphoria spilled over to legacy chipmakers as well, with Intel and Advanced Micro Devices stocks climbing 5.4% and 3.7% respectively. Micron said revenue increased 346% to $41.46 billion last quarter, handily beating analysts’ expectations of $35.3 billion. Earnings came in at $25.11 per share, beating expectations of $20.28 per share. Notably, Micron’s gross margin surged to 84.9% in the third quarter from 39% a year earlier, placing it among the highest-margin companies in the technology sector. The company’s revenue and profit outlook for the current quarter, which ends in August, also blew past expectations. Booming demand for memory chips from AI data centers and component shortages have fueled a memory supercycle, benefiting major players including SanDisk, Seagate, and Western Digital as well as Korean giants SK Hynix and Samsung. Micron management said the chip shortage would go beyond 2027, a significant change from previous guidance that called for it to end by the start of next year. “Supply shortages in memory and storage will take considerable time to improve,” CEO Sanjay Mehrotra said on the call. “Even as we expect industry supply to improve gradually in 2028, we currently do not have line of sight as to when memory supply will be able to catch up with increasing demand.” Mehrotra's remarks also come as the most direct rebuttal to "The Big Short" investor Michael Burry's memory storage cycle-top thesis from earlier this month, in which he said, "multi-year contracts are the feature that will become the bug." “This is a significa...

Micron Technology stock was up 18% in premarket trading on Thursday after the chipmaker's fiscal third-quarter results cleared analysts' targets on nearly every key measure, with the company projecting that the memory-chip shortage will persist past 2027. Broader markets caught a lift from the news. Dow Jones Industrial Average futures added 116 points, or 0.2%, while S&P 500 futures gained 0.7% and Nasdaq 100 futures jumped 2.1%. The rally spread across the semiconductor sector. An upward revision to Qualcomm's non-handset revenue outlook for fiscal 2029 pushed its shares 10% higher. Among other chipmakers, Sandisk and Western Digital climbed at least 12% apiece, while equipment makers Lam Research, KLA, and Applied Materials were also swept up in the advance. Memory peers outside the U.S. followed suit. Micron's two largest global memory rivals also advanced, with Samsung Electronics adding 5% on the Korean exchange and SK Hynix surging 13% in overseas markets. In Asia, the Kospi in South Korea topped regional indexes with a 5.42% jump, and Tokyo's Nikkei 225 climbed 4.61%. Across the Atlantic, European semiconductor names including ASMI, Be Semiconductor, and Soitec moved higher, helping push the pan-European Stoxx 600 up 0.61%. Oil's continued slide offered markets an additional tailwind. Brent crude futures have retreated to just a fraction above their price at the outset of the Middle East conflict. Wall Street's focus on Thursday morning will also include the May PCE price index — the inflation measure the Federal Reserve watches most closely — with forecasts calling for a 4.1% annual rise and a 0.5% gain from the prior month. The core version of the index, which excludes food and energy, is seen climbing 3.4% from a year earlier and 0.3% from April — figures that would mark an acceleration from the prior month's 3.3% annual and 0.2% monthly readings. Ahead of the data release, the 10-year Treasury note was yielding 4.414%, having ticked up by a single basis point. Thursday's data calendar also includes a revised GDP estimate for the first quarter, along with May personal income figures, a preliminary durable goods report, and jobless claims covering the week through June 20.