Top 10 AI News and Ratings You Probably Missed

3. Western Digital Corporation (NASDAQ:WDC)

Number of Hedge Fund Holders: 66

Western Digital Corporation (NASDAQ:WDC) designs and sells data storage solutions for various applications globally.

Western Digital (NASDAQ:WDC) reported its FQ2 2025 results on January 29. The second quarter revenue reached $4.29 billion, reflecting a 5% sequential increase. Cloud revenue grew by 6%, while Client revenue declined by 3%, and Consumer revenue rose by 14%. GAAP EPS for the quarter was $1.63, with non-GAAP EPS at $1.77. For the fiscal third quarter of 2025, the company expects revenue between $3.75 billion and $3.95 billion, with non-GAAP EPS projected between $0.90 and $1.20. David Goeckeler, Western Digital CEO said:

“We expect that our strong performance in HDD and our strategic approach to managing our Flash business within the New Era of NAND will allow each company to capture the growing demand for storage driven by the AI Data Cycle.”