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APPS News30 articles
Western Digital Surges as AI Storage Demand Fuels Rally
Western Digital shares jumped 3.5% as AI storage demand drives the stock higher. The company's pure-play HDD focus and strong earnings outlook support the rally.
Western Digital Rises on AI Storage Demand and Sandisk Divestiture Progress
Western Digital shares gained 3.5% as the company continues its Sandisk exit and reports strong AI-driven HDD demand. Q3 revenue hit $3.34B, up 45% YoY, with Q4 guidance above expectations.
Mizuho Boosts Micron, Western Digital Targets on AI Memory Demand
Mizuho Securities boosted price targets for Micron and Western Digital, citing AI-driven memory demand. Micron shares rose 4.2% premarket.
Cipher Digital Soars on $200M Credit Line and Third AI Data Center Lease
Cipher Digital shares surged 16% on a $200M credit line and a third AI data center lease, offsetting a deeper Q1 loss of $114.3M.
Western Digital Surges on AI Storage Demand, Dividend Hike
Western Digital shares rose 6% to $469.44 after fiscal Q3 revenue surged 45% to $3.34 billion, beating estimates. AI-driven cloud storage demand and a 20% dividend hike boosted sentiment.
DigitalOcean Shares Surge 36% on Raised Revenue Forecasts Driven by AI Cloud Demand
DigitalOcean shares soared 36% after lifting its 2026 and 2027 revenue outlook, citing surging AI workload demand and larger customer deals. Q1 revenue climbed 22% to $258 million.
Applied Digital Shares Dip After $7.5B AI Data Center Lease Deal
Applied Digital shares retreated 2.04% to $33.55 Friday, giving back some gains from a $7.5 billion AI data center lease deal announced April 23.
Western Digital Shares Climb on Seagate's Strong AI Storage Outlook
Western Digital (WDC) shares surged 9.3% after Seagate's (STX) strong quarterly outlook boosted the storage sector, highlighting AI-driven demand for HDDs.
Applied Digital Secures $7.5B AI Lease, Faces Execution Hurdle
Applied Digital Corp. (APLD) signed a $7.5B, 15-year lease for 300 MW with an unnamed hyperscaler, pushing total contracted lease revenue above $23B. Shares jumped over 12%.
Blackstone, Related Digital Secure $16B for Oracle AI Data Center
Blackstone and Related Digital have secured $16 billion in financing for Oracle's AI data center in Michigan, but the project faces local and regulatory pushback over power, water, and transparency concerns.
Western Union Q1 Profit Plunges 48%, Digital Growth Fails to Offset Retail Drag
Western Union's Q1 profit sank 48% to $64.7M, missing estimates, as retail remittance weakness offset digital gains. Revenue was flat at $982.7M.
Old Republic International: Undervalued Amid Digital Transformation and Market Risks
Old Republic International (ORI) closed at $39.90, below its $42.50 fair value, as the insurer focuses on digitalization and AI to improve efficiency and margins. Risks include title insurance volatility and weaker real estate activity.
Applied Digital Shares Surge on $7.5B AI Data Center Lease Deal
Applied Digital shares rose 12% after a $7.5B, 15-year lease with a U.S. hyperscaler for 300 MW at its Delta Forge 1 data center in Louisiana, lifting total contracted lease revenue above $23 billion.
Applied Digital's Q3 Report to Test AI Data Center Strategy Amid Heavy Debt
Applied Digital's fiscal third-quarter results, due after Wednesday's close, will gauge whether lease revenue can offset a significant new debt load tied to its AI data center expansion. Options imply a 16.5% stock move.
Snap Shares Recover Amid EU Digital Services Act Investigation
Snap Inc shares gained 2.5% on Monday, recovering slightly from last week's decline triggered by an EU investigation into child-safety practices. The company faces global regulatory pressure as it pursues subscription revenue growth.
Wells Fargo Digital Banking Hit by Widespread Service Disruption
Wells Fargo faced a significant digital banking outage on Monday, with thousands of customers reporting login failures and missing account data, as the bank worked to restore services.
Marathon Digital Sells $1.1B in Bitcoin to Reduce Debt, Fund AI Expansion
Marathon Digital Holdings shares gained 3.6% premarket after the company sold $1.1 billion in Bitcoin to fund a discounted debt buyback, reducing convertible obligations by approximately 30%.
XRP Gains Regulatory Clarity as Digital Commodity Amid Market-Wide Risk-Off Move
XRP traded around $1.44 Thursday after U.S. regulators formally designated it a digital commodity, aligning it with Bitcoin and Ether. However, the announcement was overshadowed by a broader market sell-off driven by surging oil prices and risk aversion.
Cipher Digital's AI Pivot Under Scrutiny as Analyst Cuts Target Amid Mining Exit
Cipher Digital shares declined following a price target reduction by Keefe, Bruyette & Woods. The move reflects concerns over the company's transition from bitcoin mining to AI-focused data center development.
Marathon Digital Outperforms Mining Peers Amid Bitcoin Volatility, Posts Heavy Loss
Marathon Digital Holdings shares advanced 1.1% on Thursday, outperforming rival bitcoin miners as the cryptocurrency traded near $70,331. The company disclosed a substantial net loss for 2025 despite a 38% revenue increase.
Costco Holds Cash, Focuses on Digital Growth After Strong Quarter
Costco posted quarterly sales of $68.24 billion and net income of $2.04 billion, exceeding forecasts. The company holds $17.38 billion in cash but has no immediate plans for a special dividend, focusing instead on warehouse expansion and digital investments.
Western Digital Leads Tech Rout as Oil Spike Sparks Inflation Fears
Western Digital shares tumbled roughly 6% on Tuesday, leading a decline in data storage stocks as a spike in oil prices fueled inflation concerns and rattled the broader market. A regulatory filing also showed a planned insider sale.
Western Digital Stock Dips Amid 32TB Drive Shipments, AI Demand Focus
Western Digital stock declined roughly 3% in Monday trading, underperforming the broader market. The company's sales director disclosed shipments of 3.5 million high-capacity 32TB hard drives last quarter.
Western Digital Stock Dips Amid 32TB Drive Shipment Data, AI Demand Focus
Western Digital stock declined approximately 3% during Monday trading, underperforming broader indices. The company disclosed it shipped 3.5 million units of its high-capacity 32TB nearline hard drives in the previous quarter.
Western Digital Insider Sale Draws Attention Ahead of Key March Events
Western Digital shares declined after an insider sale filing by its chief legal officer. Investor focus shifts to an upcoming Morgan Stanley conference and the stock's ex-dividend date.
Western Digital Rises on $3.17B SanDisk Stake Sale to Cut Debt
Western Digital shares advanced 2.5% following news of a major debt reduction deal involving the sale of part of its SanDisk holding. The company's sales chief also sold shares under a pre-arranged plan.
Walmart Shares Dip on Cautious Consumer Outlook Despite Strong Digital Growth
Walmart shares declined 1.5% in early trading Friday as the retailer's cautious outlook regarding budget-conscious consumers offset strong digital sales growth and a dividend increase.
Western Digital's SanDisk Stake Sale Fuels Stock Volatility, Debt Focus
SanDisk shares advanced as Western Digital divested a significant portion of its stake, raising $3.17 billion for debt reduction. Market attention now shifts to the potential sale of Western Digital's remaining 1.7 million shares.
Western Digital's 2026 Hard Drive Capacity Fully Booked, CEO Says
Western Digital's CEO revealed that 2026 hard drive manufacturing capacity is nearly entirely committed, backed by purchase orders from its seven largest customers and long-term contracts running through 2028.
Western Digital Shares Dip Ahead of Key Fed Data and Inflation Report
Western Digital shares declined 0.9% to $281.58 on Friday amid light trading volume. Investors await Federal Reserve minutes and inflation data this week while monitoring company developments.