Western Digital Swings to 1Q Profit After AI Demand Stokes Sales

By MarketWatch | Oct 24, 2024 at 04:41 PM EST

Western Digital reported a profit in its latest quarter due to strong cloud sales driven by AI adoption. The company's revenue rose to $4.10 billion, with cloud sales increasing by 153%. CEO Goeckeler highlighted the company's product portfolios to benefit from the AI data cycle.

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