Western Digital rises as Bernstein upgrades shares on Turboquant pulback [Yahoo! Finance]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: Yahoo! Finance
sharp pullback driven by fears over Google's new TurboQuant compression algorithm has created a buying opportunity that is disconnected from the underlying fundamentals. The sell-off, which has taken Western Digital down 21% from recent highs, was an overreaction. Peers Seagate and Sandisk also fell. However, Western Digital rose 2.3% in premarket trading Wednesday after the upgrade. TurboQuant, a compression algorithm unveiled by Google Research last week, targets only the KV cache used during AI inference and has no bearing on hard disk drive demand, Bernstein said. Its impact on NAND flash memory, which is used only to offload cold caches, is described as negligible. "There is zero impact to HDD demand," analyst Mark Newman said in a note. Bernstein has also grown more broadly constructive on the storage sector. The broker now expects combined revenue for Western Digital and Seagate to grow at a 24% compound annual rate (CAGR) from fiscal 2025 to 2030, supported by 24% bi
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News
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WDC
Earnings
- 1/29/26 - Beat
WDC
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/24/26 - Form 4
- 3/24/26 - Form 4
- WDC's page on the SEC website