Here's the One Storage Stock I'd Buy With $2,000
Nearly every drive the hard drive maker can build this year is already spoken for. Which storage stock does all that locked-in demand reward most?
Overview
Western Digital (NASDAQ:WDC) CEO Irving Tan said in late January that the company was "pretty much sold out for calendar '26." On the same fiscal second-quarter earnings call, he pointed to firm purchase orders from its top seven customers covering this year's hard-drive production. And multiyear agreements went further -- the company had them in place with three of its top five customers, two running through calendar 2027 and one through calendar 2028.
But Western Digital isn't the outlier.
Details
The artificial intelligence (AI) data center build-out has storage buyers committing for years ahead. Seagate Technology (NASDAQ:STX) says most of its nearline exabytes (the high-capacity storage cloud data centers run on) are already allocated into calendar 2028. And Sandisk (NASDAQ:SNDK) has buyers locked in for over half of the memory it expects to ship this fiscal year, with price floors attached.
Source
Originally published at www.fool.com.