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Western Digital's Q1 revenue surged 55% year-over-year, with core customer orders booked until 2030, and HAMR hard drives entering mass production in the first half of next year.
Western Digital announced its Q1 FY2027 earnings, with revenue of $4.381 billion, a 55% year-over-year increase, exceeding analyst expectations. During the conference call, company management revealed
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Western Digital's Q1 revenue surged 55% year-over-year, with core customer orders booked until 2030, and HAMR hard drives entering mass production in the first half of next year.
Western Digital announced its Q1 FY2027 earnings, with revenue of $4.381 billion, a 55% year-over-year increase, exceeding analyst expectations. During the conference call, company management revealed
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24H Trending
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Asian markets broadly fell: The Hang Seng Index dropped 3.03% to a four-month low, and the Hang Seng Tech Index fell 5%; Brent crude rose 3.2% to $112.27, due to AI concerns and heightened tensions in the Strait of Hormuz.
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Goldman Sachs: Silver Net Longs Fall to Two-Year Low Amid Dual Blows from Dollar Pullback and Weak AI/Solar Sectors
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Middle East Tensions Escalate: Houthis Claim Multiple Attacks on Saudi Arabia, Brent Oil Surpasses $112, Iran Claims to Have Struck Oil Tanker in Strait of Hormuz
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JPMorgan Chase Report: Funding Pressure on New Cloud Vendors Won't Impact AI Infrastructure Cycle; Tech Sector Expected to Have $400 Billion Funding Surplus This Year
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Crypto traders value Indian telecom company Reliance Jio's IPO at approximately $110 billion.
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SoftBank's stock price has halved from its June high, as the market worries about AI financing risks.
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Barclays plans to cut 5,000 jobs, or about 5% of its total workforce, to boost efficiency and reduce costs through AI, primarily focusing on support functions.
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Ramp Report: 1% of Businesses Account for 80% of OpenAI and Anthropic Spending, AI Dollar Spend Growth Stalls, Paid Penetration Slows
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The 10-year U.S. Treasury yield fell by approximately 11 basis points from its previous close, now at 5.04%.
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AI Companies and French Sovereign Debt Face Stress Test: CoreWeave CDS Spreads Exceed 1,000 Basis Points, France's 10-Year Government Bond Yield Breaks 5% for the First Time Since 2002, Moody's to Review France's Rating
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