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Western Digital Corporation
(NASDAQ:WDC) makes and sells hardware products that are used to store data. These include solid state and hard disk drives. The firm has been performing well on the earnings front lately, as it has beaten adjusted analyst EPS estimates in all four of its latest quarters. Western Digital Corporation (NASDAQ:WDC) also expanded its Al portfolio in June 2024 when it revealed three new SSD and HDD products optimized for Al performance. Mizuho was out with a bullish note for the firm in May 2024, when it increased Western Digital Corporation (NASDAQ:WDC)'s share price target to $90 from $80 and kept a Buy rating on the shares. Explaining its decision, the research firm shared that the company's decision to spin off its NAND business could end up accreting value.
. Data centre boom, chip industry expansion expected to boost local steel demand
- Steel consumption is expected to see positive growth this year, reaching 8.3 million tonnes, primarily driven by the construction of data centres. If infrastructure projects like the Penang light rail transit commence, steel demand could approach nine million tonnes.
2. Miti working with construction industry, Works Ministry to ensure more local steel used in govt projects
- The government is exploring ways to enforce greater use of local steel products in government projects ...