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SanDisk (SNDK), a spin-off from Western Digital, became the S&P 500's top-performing stock in 2025 after gaining 268.2% since its February debut.
IT hardware stocks, including Western Digital which fell 4.76%, declined after a Morgan Stanley report on December 17, 2025, warned of cyclical challenges for the sector in 2026.
Enterprise demand for AI data storage solutions is fueling significant growth in the computer storage industry, highlighted by Sandisk's (SNDK) stock gaining 315.3% over the past year.
Western Digital reported its non-GAAP gross margin expanded 660 basis points year-over-year to 43.9% in Q1 fiscal 2026, driven by strong AI-related demand for its high-capacity hard drives.
Seagate's stock rose 118.3% in six months, driven by strong data center demand for its high-capacity storage solutions as the AI market expands.
Western Digital is partnering with quantum startup Qolab to develop scalable superconducting qubits, leveraging its manufacturing expertise to enter the high-growth quantum computing sector. This strategic investment positions WDC in a market forecasted to experience exponential growth.
EdgeMode has announced a strategic collaboration with Supermicro and Krambu to develop sustainable, high-performance AI data centers. The move comes as the AI industry faces a looming energy crisis, with soaring electricity demand threatening to strain power grids and increase operational costs, making energy-efficient infrastructure a critical business imperative.
Western Digital Corp. (WDC) stock rose 1.7% after its inclusion in the Nasdaq-100 Index was announced. The addition is part of the index's annual rebalancing and provides the company with greater visibility and forced demand from index-tracking funds, even as the broader tech sector faces volatility.
Amid a market fixated on Artificial Intelligence, Western Digital (WDC) stands out as potentially undervalued, supported by strong profit growth forecasts. This situation reflects a broader analyst outlook suggesting a coming resurgence in cyclical sectors, which may offer opportunities outside of the popular AI-driven stocks.
Qualcomm (QCOM) stock declined as part of a broader sell-off in the technology sector, driven by investor concerns over valuations and spending in the AI space. The drop came ahead of Qualcomm's upcoming earnings report, heightening investor scrutiny.
The U.S. Securities and Exchange Commission has stopped the approval of exchange-traded funds offering more than 2x daily leverage, citing non-compliance with derivatives regulations. This impacts product issuers and signals a stricter stance on complex retail-focused products.
Alnylam Pharmaceuticals (ALNY) will be added to the Nasdaq-100 Index on December 22, 2025. This significant event provides a strong institutional buying catalyst, directly countering recent market concerns about near-term growth headwinds and a lack of late-stage pipeline news.