Western Digital (WD) CEO Irving Tan stated that the ongoing AI infrastructure buildout is driving sustained demand for data storage. Despite a softer near-term outlook, Tan emphasized that demand from hyperscalers continues to be robust as the company works on increasing hard drive capacity.

The Dow Jones index saw an increase today, contrasting with a decline in tech futures. This drop was primarily driven by disappointing earnings reports from AI stocks Sandisk and Western Digital, which led to significant losses in their stock prices.

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