AI Storage Demand Still Growing, Says WD CEO
TL;DR
Western Digital (WD) says the AI infrastructure buildout is creating sustained demand for data storage, even as investors reacted to a softer near-term outlook. CEO Irving Tan joins Bloomberg to explain why hyperscaler demand remains strong and how the company is increasing hard drive capacity. He says long-term supply agreements suggest AI's storage needs will continue to grow well into the next decade. He joins Ed Ludlow on "Bloomberg Tech.
Nauti's Take
Encouraging: the AI boom is finally lifting the unglamorous layers too, and hard drives are suddenly a growth market again. The catch is concentration, since most of that demand rests on a handful of hyperscalers and their capex mood.
Buyers should lock in pricing and delivery windows now instead of betting on a cooldown.
Sources