disk drive

Rare-earth elements are used extensively in artificial intelligence, including disk drives, cooling servers and especially semiconductor fabrication.

The company has benefited from a spike in demand for hard disk drives, or HDDs, driven by cloud computing and artificial intelligence.

With AI, the storage companies have a new end market because cloud hyperscalers are buying more disk drives to support the massive amounts of content being generated by AI models.

Western Digital is one of the largest players in enterprise hard disk drives and is gaining pricing power amid this backdrop, Travis Prentice, chief investment officer of the Informed Momentum Company, recently told MarketWatch.

Analysts have continually updated their estimates for storage stocks over the last several weeks due to hard disk drive demand.