BUZZ - Western Digital shares rise due to strong second-quarter revenue forecast

路透社2026/10/22 20:28

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October 22 - ** Shares of data storage product manufacturer Western Digital (WDC.O) rose 1.8% in after-hours trading, closing at $361.20

** According to data compiled by London Stock Exchange Group (LSEG), the company expects second-quarter revenue (link) of $5.1 billion (plus or minus $100 million), while analysts’ average expectation is $4.58 billion

** “We are successfully advancing our business through technological transformation to meet the growing demand for storage” — CEO Tan (Irving Tan)

** First-quarter revenue increased by 55% year-on-year to $4.38 billion

** As of Thursday’s close, the stock is up 105% for the year

(To facilitate non-English speakers, Reuters has automatically translated its reports into several other languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated translation, which is provided for readers’ convenience only. Reuters accepts no liability for any damage or loss caused by the use of the automated translation feature.)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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OpenAI is close to completing a fundraising round of up to 30 billions USD at a pre-money valuation of 1.25 trillions USD, with lead investments from United Arab Emirates investors and Coatue. OpenAI plans to finalize the financing by the end of next week and is simultaneously negotiating a business agreement to acquire additional computing power from the UAE. This funding round is positioned as a transitional solution ahead of an IPO. The news of this fundraising comes as U.S. tech stocks fell broadly, with the “Magnificent Seven” index dropping by 2.80%.

华尔街见闻•2026/10/22 21:26