Seagate signaled that the disk drive sales slump is ending with a revenue increase for Q4 2024.
Revenues were up 18 percent annually to $1.89 billion, beating its $1.85 billion forecast, with a $513 million profit contrasting strongly with the $92 million loss a year ago. This growth was a turnaround after seven successive quarters of revenue decline
Western Digital Co. (NASDAQ:WDC – Free Report) – Research analysts at Wedbush raised their FY2024 earnings per share estimates for Western Digital in a research report issued on Monday, July 22nd. Wedbush analyst M. Bryson now anticipates that the data storage provider will post earnings of (-$0.86) per share for the year, up from their previous estimate of (-$1.36)
Wedbush also issued estimates for Western Digital’s Q4 2024 earnings at $1.46 EPS, Q1 2025 earnings at $2.10 EPS, Q2 2025 earnings at $3.34 EPS, Q3 2025 earnings at $3.48 EPS, Q4 2025 earnings at $3.83 EPS and FY2025 earnings at $12.76 EPS.
Remark: Western digital to release Q4 2024 report next week, 30 July
Everyone is waiting for the data centre play. Unfortunately, before hard disk can be purchase and fitted into the physical building, it may easily take 2-3 years for the main building, such as critical infrastructure (eg:power transmission, cooling system, network, certification,etc).
The next bus station is 2.18. Dufu already became Taufu and undergoing correction now. Just like in US, Nasdaq is overvalued and overbought and tech rout will happen to bring down the tech stocks value before reset for the second half. Do not buy or your monies will burn. Wait till correction is over before jump into the party. Another note of advice do not be too optimistic about data center in Malaysia as buildings as the most basic infrasturcture, water and electricity are yet to be decided by Malaysia government. To understand the market it would take about 3 to 5 years to full blown data center. All the articles written 3 to 5 years ahead of schedule. Be vigiliant and wait for buying signal. Take this piece of advice seriously.
Fundamentally, it said Dufu could benefit from Microsoft’s US$2.2 billion investment in Malaysia, particularly due to increased demand for high-capacity hard disk drives (HDDs) driven by Artificial intelligence.
“In addition, Seagate Technology’s decision to raise prices, following Western Digital Corporation’s move, further strengthens this outlook. Considering that Dufu’s HDD division derives 60% of its revenue from Seagate and 30% from Western Digital, it signifies substantial potential for revenue growth,” it said.
AMD, like rival Nvidia, is riding the AI hype train, which is powering sales of its data center graphics processing units (GPUs) and central processing units (CPUs). For the quarter, AMD reported adjusted earnings per share (EPS) of $0.69 and revenue of $5.8 billion. Wall Street was anticipating adjusted EPS of $0.68 on revenue of $5.7 billion, according to consensus estimates by Bloomberg. AMD reported adjusted EPS of $0.58 on revenue of $5.4 billion during the period in 2023.
"Our AI business continued accelerating and we are well positioned to deliver strong revenue growth in the second half of the year led by demand for Instinct, EPYC and Ryzen processors," AMD CEO Lisa Su said in a statement.
"The rapid advances in generative AI are driving demand for more compute in every market, creating significant growth opportunities as we deliver leadership AI solutions across our business.”
AMD's Data Center revenue, which includes sales of AMD's GPUs and CPUs, topped out at $2.8 billion, beating expectations of $2.75 billion. That's a 115% jump versus the same quarter last year, when AMD reported Data Center revenue of $1.3 billion.
Shares of AMD rose as much as 5% following the report, while shares of rival Nvidia (NVDA) jumped 3%. Shares of Intel (INTC) were flat.
Western Digital result ok Seagate result fantastic
And from here they will do even better
I still holding Dufu, Notion, Jcy and Hexcap
These got good earning potential
This present pessimism is temporal as we will see their future quarters results right into end 2024 and to 2025 getting better and better due to 10,000 DC centers worldwide
Dufu now is taufu downplayed by sentiments even profits doubled. Further downside possible next week depends on the development this week. Stay alert !
Yes correct WW3 is actually coming in 2026. Nato and the European countries have decided to station nuclear weapon near Russia. Putin has just warned NATO that Russia will also do the same and place nuclear weapons near Europe. If a nuclear war is trigger by both parties there will be nuclear winter. This will block the sun from coming to earth and no plants will be able to do photosynthesis to provide oxygen. Therefore this will end humanity in a blick of an eye due to lack of food and oxygen. Scientiest just found oxygen from rocks in the Pacific Ocean that not required sun. So some species will survive though. 99 % of living things on earth will perish. That marks the end of humanity. No more stock markets and the end of the world.
All the AI and DC hypes suffered premature blows too soon. Warren Buffet willing to forego 100 mil dividends from offloading 50% Apple shares is just too glaring! Ticking time bomb in Nasdaq! Bloodbath should continue...until FEDs expected increase in interest is all priced in and that's by September next month.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,712 posts
Posted by calvintaneng > 2024-07-26 15:54 | Report Abuse
Real value of Dufu will emerge in
AUG 2024
NOV 2024
FEB 2025
AS 10,000 DATA CENTERS WHOLE WIDE STEPPED UP INCREASING HDD PURCHASE
DUFU EARNINGS WILL 🚀🚀🚀
SO NOW PRICE SOLD DOWN IS GREAT BUYING OPPORTUNITY LIKE NO OTHER ON EARTH
https://youtu.be/o4JcF1H87pM?si=6CCocM6yXm4Cjamf