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Why Western Digital Stock Jumped Again as AI Storage Demand Meets a Sandisk Cleanup
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Why Western Digital Stock Jumped Again as AI Storage Demand Meets a Sandisk Cleanup
Western Digital shares climbed 3.5% to $480 late Friday after the company agreed to exchange 653,203 Sandisk shares for 1,865,801 of its own stock, continuing its exit from the flash business. WD reported fiscal Q3 revenue of $3.34 billion, up 45% year over year, and forecast Q4 revenue midpoint at $3.65 billion. Sandisk stock jumped 16.5% to $1,562.34. WD cautioned on demand volatility and supply-chain risks. The post Why Western Digital Stock …
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