JHVEPhoto/iStock Editorial via Getty Images By Nicholas Tan, Investment Research Analyst @ Khaveen Investments In our previous analysis of Western Digital ( WDC ), we expected data center expansions by hyperscalers to support the company's growth outlook. We also highlighted that the company has a strong competitive position in the HDD market, attributable to its acquisition strategy, which enable...
JHVEPhoto/iStock Editorial via Getty Images By Nicholas Tan, Investment Research Analyst @ Khaveen Investments In our previous analysis of Western Digital ( WDC ), we expected data center expansions by hyperscalers to support the company's growth outlook. We also highlighted that the company has a strong competitive position in the HDD market, attributable to its acquisition strategy, which enabled the company to consolidate into a larger player. We further expected competitive advantages such as its UltraSMR technology and 11-platter design to sustain its market positioning. In this analysis, we cover the company again, as its cloud end-market grew by 65% YoY for 2025 and accounts for 87.6% of 2025 revenue, and thus analyze whether cloud demand could sustain its growth outlook. We first evaluate whether the company could sustain its cloud HDD competitiveness in the HDD market. We then analyze whether cloud demand could sustain its revenue growth and, lastly, evaluate whether cloud demand could improve its margins. Strong Competitive Position We first analyze the company's market positioning in the HDD market and thus compile the HDD shipment market share. Forbes, Khaveen Investments WDC and Seagate are both the market leaders in the HDD market, where they account for 83% of the market, whereas Toshiba accounts for 17%. WDC and Seagate's market shares are relatively similar, with WDC's market share 1% higher than Seagate's. The HDD market is dominated by 3 companies, which highlights the oligopolistic nature of the market. To further analyze their market positioning, we compile their latest products alongside their specifications, such as max capacity, disk speed, transfer rate, cache, energy efficiency, and their core technology. Company Data, Khaveen Investments * Represents the average of available data. * Seagate's power consumption was the average of WDC and Toshiba and was subsequently divided by the max capacity to derive energy efficiency The company has a l...
design master Stock futures shifted into positive territory on Friday as a wave of relief swept through the markets following President Trump’s decision to delay military action against Iran’s energy infrastructure. Here are some of Friday's biggest stock movers: Biggest stock gainers Unity Software ( U ) +15% – Shares surged after the company raised its FQ1 outlook, projecting revenue of $505M–$5...
design master Stock futures shifted into positive territory on Friday as a wave of relief swept through the markets following President Trump’s decision to delay military action against Iran’s energy infrastructure. Here are some of Friday's biggest stock movers: Biggest stock gainers Unity Software ( U ) +15% – Shares surged after the company raised its FQ1 outlook, projecting revenue of $505M–$508M, above prior guidance of $480M–$490M and ahead of expectations. Growth is being driven by strength in its Unity Vector offering, with Create revenue seen at ~$115M and Grow at ~$353M. Adjusted EBITDA is also expected to come in stronger at $130M–$135M, topping earlier forecasts. Argan ( AGX ) +9% – Shares advanced after the company reported strong Q4 results, with revenue rising 13% Y/Y and both gross and EBITDA margins expanding by 450 bps. The company also highlighted robust demand, adding $2.5B in new contracts during the year and ending with a project backlog exceeding $2.9B, supporting continued growth and profitability momentum. Biggest stock losers Zenas BioPharma ( ZBIO ) -12% – Shares declined after the company announced a dual capital raise, including $200M in 2.50% convertible senior notes due 2032 and a 5M-share equity offering priced at $20 per share. Net proceeds are expected to total ~$287.5M, with additional greenshoe options for both offerings. The notes will be unsecured, carry a 2.50% coupon, and mature in April 2032. Both offerings are slated to close on March 31, 2026. Veritone ( VERI ) -8% – Shares declined after the company reported weak preliminary Q4 results, with revenue expected at $18.1M–$30.0M, well below the $34.3M consensus. Preliminary GAAP net loss is seen at $25.1M–$37.0M, while non-GAAP net loss is estimated at $2.0M–$13.9M. For FY2026, Veritone guided revenue to $130M–$145M (vs. $129.3M consensus) and expects a narrower non-GAAP net loss of $13.5M–$22.5M. More on related stocks: Argan, Inc. 2026 Q4 - Results - Earnings Call Presentati...
Data is the fuel that keeps Wall Street's engine turning. The only problem for investors is that the amount of data being released, from quarterly earnings to near-daily economic reports, can make it challenging to digest. In other words, it's easy for something of importance to fall through the cracks. For example, investors might have overlooked what's arguably one of the most important data dum...
Data is the fuel that keeps Wall Street's engine turning. The only problem for investors is that the amount of data being released, from quarterly earnings to near-daily economic reports, can make it challenging to digest. In other words, it's easy for something of importance to fall through the cracks. For example, investors might have overlooked what's arguably one of the most important data dumps of the entire quarter on Feb. 17. This was the deadline for institutional investors to file Form 13F with the Securities and Exchange Commission. A 13F provides a concise snapshot of the stocks Wall Street's savviest money managers (with at least $100 million in assets under management) bought and sold in the latest quarter. Knowing which stocks, exchange-traded funds (ETFs), industries, and trends are piquing the interest of the market's top institutional investors can be worthwhile. Continue reading
US House lawmakers are advancing the Chip Security Act, targeting new export controls for AI chips. The bill would require companies such as Advanced Micro Devices (NasdaqGS:AMD) to adopt stricter anti-diversion reporting protocols. Measures are aimed at reducing the risk that advanced AI technology is smuggled into China and other restricted markets. Advanced Micro Devices, traded as NasdaqGS:AMD...
US House lawmakers are advancing the Chip Security Act, targeting new export controls for AI chips. The bill would require companies such as Advanced Micro Devices (NasdaqGS:AMD) to adopt stricter anti-diversion reporting protocols. Measures are aimed at reducing the risk that advanced AI technology is smuggled into China and other restricted markets. Advanced Micro Devices, traded as NasdaqGS:AMD, designs CPUs and GPUs used in data centers, gaming, and AI workloads. As AI chip demand...
Liu Hui More than eight months after her initial detention, Liu Hui, the former chairwoman of the Ningxia Hui Autonomous Region government, has been expelled from the Communist Party and referred for criminal prosecution. The move was officially announced on March 26 by China’s top anti-graft watchdog, the Central Commission for Discipline Inspection. The disciplinary body outlined a litany of cha...
Liu Hui More than eight months after her initial detention, Liu Hui, the former chairwoman of the Ningxia Hui Autonomous Region government, has been expelled from the Communist Party and referred for criminal prosecution. The move was officially announced on March 26 by China’s top anti-graft watchdog, the Central Commission for Discipline Inspection. The disciplinary body outlined a litany of charges against the 66-year-old former provincial leader. Officials accused her of abandoning her political ideals, severely compromising the implementation of directives from the central leadership, associating with “political frauds,” and engaging heavily in superstitious activities.
Markets exhaled a bit during the Asian day at the end of another week of turmoil in the Middle East. The biggest monthly selloff in global stocks since 2022 moderated after President Donald Trump delayed his deadline for Iran to agree to a ceasefire deal by 10 days. US equity-index futures extended gains (before fading again), and Asian equities pared earlier losses . But the costs of the war are ...
Markets exhaled a bit during the Asian day at the end of another week of turmoil in the Middle East. The biggest monthly selloff in global stocks since 2022 moderated after President Donald Trump delayed his deadline for Iran to agree to a ceasefire deal by 10 days. US equity-index futures extended gains (before fading again), and Asian equities pared earlier losses . But the costs of the war are hard to ignore. The MSCI All Country World Index was still headed for its worst month in more than three years as the Middle East conflict stokes concerns about inflation and lower economic growth. Australian and New Zealand bond yields pushed higher. And Japan’s super-long bond yields climbed as uncertainty persists over the prospects for a ceasefire in the Iran war, while a weaker currency and rising oil prices stoke stagflation worries. Expect policy makers to remain on high alert. Japan’s finance minister flagged the possibility of taking “bold actions” to counter currency moves, a reference to intervention, as the yen traded near a familiar threshold . What’s more, Macquarie warns that oil may hit a record $200 a barrel if the Iran war drags on till June, with the Strait of Hormuz staying shut. In uncertain times, information is key. Keep track of the twists and turns — and the global fallout — of the war with Iran here . What You Need to Know Today Those market swings are proving too much for oil traders . Almost a month into a deepening conflict in the Middle East, oil traders reeling from weeks of massive market swings are beginning to pull back, creating a drain on liquidity that threatens to exacerbate future moves . “I am exhausted and my clients are there too as well,” said Scott Shelton, an energy specialist at TP ICAP Group. As if war wasn’t enough, other factors are adding to energy crunches . Three Australian plants that provide about 8% of the world’s liquefied natural gas have had their output curbed by a cyclone , in a further blow to mainly Asian buyers ...