Seeking Alpha
02 Jun 2026, 03:36 UTC · 2h ago
Western Digital: The AI Storage Trade Still Has Room To Run
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Seeking Alpha
02 Jun 2026, 03:36 UTC · 2h ago
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Story key points
4 claims · impact-rated
Western Digital is projected to achieve 45% revenue growth in Q3 2026. — High double-digit revenue growth is a primary driver for stock price appreciation and signals strong AI-driven demand.
+0.80Analyst estimates project Western Digital's 2028 EPS to reach approximately $20.70. — Specific long-term earnings targets provide a fundamental valuation anchor for investors.
+0.60Western Digital's growth is tied to the broader AI memory cycle currently validated by Micron and SK Hynix. — Confirmation from industry peers reduces the risk profile of the AI storage thesis.
+0.50Key technical growth drivers include nearline cloud demand, UltraSMR mix, cost-per-TB declines, and HAMR technology. — These represent the specific operational catalysts required to achieve the projected financial targets.
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Ticker attribution
Model heads
The author reiterates a Strong Buy based on proof of AI storage thesis and strong revenue growth projections.
Mentioned as providing a positive signal for the broader AI memory cycle.
Mentioned as providing a positive signal for the broader AI memory cycle.
[mutual] Micron and SK Hynix are cited as primary indicators for the broader AI memory cycle.
[mutual] Western Digital and Micron both operate within the AI memory and storage cycle.
[mutual] Western Digital and SK Hynix are linked by the same underlying drivers in the AI memory cycle.
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