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Western Digital Shares Surge 9.6% - Still a Buy?
Western Digital’s shares jumped 9.6% after the company reported better-than-expected quarterly earnings, exceeding analyst estimates with revenue of $3.02 billion and EPS of $2.13. This surge indicates strong demand for its data storage solutions, driven by cloud computing and enterprise IT growth. Analysts maintain a “Moderate Buy” rating for the company, highlighting its strong financial performance in the digital age.