Tag: Computer Hardware

Western Digital Earnings Fail to Get Stock Back on Track Western Digital stock fell modestly in premarket trading Friday even after the hard-drive maker handily beat expectations for its fiscal first-quarter earnings. This copy is for your personal, non-commercial use only.

Seagate Technology shares fell 11% on Friday, while Western Digital dropped 7%, after a report that Toshiba plans to significantly expand its hard disk drive production capacity to meet growing demand from AI data centers.

Shares of Lenovo surged 19.32% on Friday, after the personal computer and electronics giant posted strong revenue growth powered by its growing artificial intelligence business.

Sandisk (SNDK) was falling early on Wednesday as its former parent Western Digital (WDC) plans to sell shares in the flash memory company. It shouldn’t be a concern for Sandisk shareholders.

Western Digital (WDC) said on Tuesday its board has approved $4 billion more for share repurchases, as demand for its memory chips used in artificial intelligence servers surges.

Sandisk (SNDK) reported better-than-expected earnings and the stock rose sharply in premarket trading Friday.

Lenovo on Friday won an appeal in Britain in its attempt to get an interim licence to use Ericsson’s patents, in the latest ruling in the companies’ global licensing dispute over 5G wireless technology.

Shares in Samsung Electronics the world’s top memory chip maker, fell on Wednesday to their lowest level in more than four years amid worries about the impact of U.S. tariffs under a new Donald Trump administration, analysts said.

The Biden administration will award up to $6.4 billion in grants to South Korea’s Samsung to expand its chip production in central Texas as part of a broader effort to expand U.S. chipmaking, the Department of Commerce said on Monday.

Super Micro Computer was falling Tuesday after the maker of servers that help with artificial-intelligence applications filed to sell 2 million common shares.

Nov 21 (Reuters) – HP Inc (HPQ.N) on Tuesday forecast first-quarter profit below Wall Street estimates but maintained annual earnings outlook, a sign that demand in the personal computers market is still recovering, sending its shares down nearly 4% after market.