Western Digital jumps ahead of Nvidia earnings report later today
Hard disk drive maker Western Digital is on track for one of its best days of the month Wednesday, on relatively little news.
Traders may be trying to get ahead of any expected share bump related to Nvidia’s earnings extravaganza after the close of trading today.
Western Digital saw its best day — up almost 17% — in almost six years in early January, after Nvidia CEO Jensen Huang’s keynote speech at the Consumer Electronics Show in Las Vegas underscored the surge in demand for memory that AI is producing.
Western Digital executives have previously talked up the fact that some of the company’s products are qualified for use in Nvidia server stacks.
Fellow hard disk drive maker Seagate Technology Holdings is also having one having one of its best days in February.
Western Digital saw its best day — up almost 17% — in almost six years in early January, after Nvidia CEO Jensen Huang’s keynote speech at the Consumer Electronics Show in Las Vegas underscored the surge in demand for memory that AI is producing.
Western Digital executives have previously talked up the fact that some of the company’s products are qualified for use in Nvidia server stacks.
Fellow hard disk drive maker Seagate Technology Holdings is also having one having one of its best days in February.
