Semiconductor industry entering upcycle, demand for AI and accelerated compute strengthening. Optimism about revenue prospects and cyclical improvements.
With the earnings season now halfway through, the percentage of S&P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages.
Analyst Mark Miller upgraded Western Digital Corp (NASDAQ: WDC) to Buy with $85 PT, citing strong results and projected growth in NAND and Nearline sales.