Bitcoin price jumps toward $68,000 as tariff ruling lifts risk mood; ETF outflows linger
Bitcoin's price increased by about 1.6% to $68,015, supported by a U.S. Supreme Court ruling that struck down tariffs, which positively impacted broader risk assets including stocks and crypto-linked shares. This rise occurred despite persistent outflows from U.S. spot Bitcoin ETFs and concerns over inflation data. Traders are also factoring in upcoming economic data and Nvidia's quarterly results, which could further influence market sentiment.
Western Digital: Fiscal 4Q25 and FY25 Financial Results
Western Digital reported strong financial results for fiscal 4Q25 and FY25, with revenue up 30% year-over-year to $2.61 billion in Q4 and 51% to $9.52 billion for the full fiscal year. The company's CEO highlighted successful debt reduction, the initiation of a cash dividend, and a share repurchase program, underscoring confidence in its cash-generating capabilities. The CFO projected continued momentum, especially driven by the Cloud market, anticipating 22% year-over-year revenue growth for Q1FY26.
Why Western Digital stock is moving today: Sandisk debt swap deal, insider sale in focus
Western Digital's stock climbed following Sandisk's secondary stock offering, a debt-for-equity swap designed to reduce Western Digital's substantial debt pile. This move involves offloading part of its Sandisk stake to settle debts with J.P. Morgan and BofA Securities affiliates. Additionally, an insider sale of 10,000 Western Digital shares by its Chief Sales & Marketing Officer also drew attention, executed under a pre-arranged trading plan.
First Week of October 16th Options Trading For Western Digital (WDC)
New options for Western Digital (WDC) with an October 16th expiration date have begun trading. This presents potential opportunities for options sellers due to the time value, with a put contract at a $280.00 strike price offering a 21.64% return if it expires worthless, and a covered call strategy with a $320.00 strike price potentially yielding a 32.54% return. The article highlights these specific put and call contracts as attractive options for investors.
Memory crunch looms over hardware makers, but Apple receives bullish sentiment: Evercore
A persistent memory crunch and rising prices are impacting hardware stocks, but Apple (AAPL) is seen as a bright spot, according to Evercore ISI. Investors are expressing frustration with Arista Networks (ANET) despite its strong growth guidance, while concerns about rising memory costs persist across the IT hardware sector. Apple's positive sentiment is attributed to reduced bearish concerns and potential new catalysts like personalized Siri and future iPhone upgrades.
Form 424B2 BANK OF NOVA SCOTIA
This SEC filing (Form 424B2) from The Bank of Nova Scotia details a new offering of "Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside Principal at Risk Securities" due February 23, 2029. These securities are linked to the performance of the common stock of Micron Technology, Inc., Sandisk Corporation, and Western Digital Corporation. The document outlines the terms, risks, hypothetical payout profiles, and tax consequences for investors, emphasizing that returns depend on the lowest performing underlying stock and carry significant principal risk.
Sandisk stock jumps as Western Digital unloads shares — what traders are watching next
Sandisk shares rose over 3% as investors reacted to Western Digital selling a significant portion of its stake to reduce debt. While the secondary offering adds near-term supply, analysts view the move as a positive step toward clearing a long-standing share overhang and accelerating Western Digital's deleveraging efforts.
Western Digital to sell part of Sandisk stake for $3.17 billion
Western Digital plans to sell a portion of its stake in flash memory unit SanDisk for $3.17 billion as part of its strategy to reduce debt and focus on HDD solutions. The secondary share sale, announced by SanDisk, involves swapping 5.8 million shares for debt held by affiliates of J.P. Morgan and BofA Securities. Following this transaction, Western Digital's holding in SanDisk will decrease, with remaining shares intended for sale over time.
MaxLinear Grants Equity Awards to New Employees
MaxLinear has granted equity awards to new employees under its 2024 Inducement Equity Incentive Plan, a move approved by its Compensation Committee, to attract and retain talent in the competitive semiconductor market. The company, a leading provider of RF, analog, digital, and mixed-signal integrated circuits, emphasizes transparency by making details available on its investor relations website. Wall Street analysts have a "Moderate Buy" rating on MXL, with some raising price targets despite recent share underperformance, citing the company's strong position in the connectivity-focused semiconductor sector.
Western Digital’s Davis sells $2.79m in stock
Brian Scott Davis, Chief Sales & Marketing Officer at Western Digital Corp, sold 9,692 shares of common stock for $2.79 million on February 17, 2026. This sale was conducted under a pre-arranged Rule 10b5-1 trading plan. Despite the sale, his holdings in the company still amount to 121,792 shares, and the stock is considered overvalued according to InvestingPro analysis.
Insider Sell: Brian Davis Sells 10,000 Shares of Western Digital Corp (WDC)
Brian Davis, Chief Sales & Marketing Officer of Western Digital Corp (WDC), sold 10,000 shares on February 17, 2026, reducing his holding to 121,792 shares. This transaction is part of a trend of 25 insider sells over the past year with no insider buys. The stock is currently trading at $279.16, making it significantly overvalued with a price-to-GF-Value ratio of 4.52, and its P/E ratio of 28.54 is higher than both the industry and company historical medians.
Sandisk Announces Participation in Investor Conferences
SanDisk Corporation announced its management's participation in three upcoming investor conferences in February and March 2026: Bernstein Insights, Morgan Stanley Technology, Media & Telecom Conference, and Cantor Global Technology & Industrial Growth Conference. Live webcasts and archived replays of these presentations will be available on SanDisk's Investor Relations website. The company also provided contact details for investors and media.
October 16th Options Now Available For Diageo (DEO)
New options for Diageo plc (DEO) with an October 16th expiration date are now trading. This article analyzes specific put and call contracts, highlighting potential opportunities for investors such as selling a put contract at a $95.00 strike for a possible 8.74% return if it expires worthless, or a covered call at a $100.00 strike offering a 10.94% total return. The analysis also includes implied volatility and historical performance relative to these strike prices.
With SanDisk Spun Off, WD is Reviving and Relaunching the G-Drive Brand
Western Digital (WD) is reviving and relaunching its G-Drive brand, transitioning all its HDD products previously under SanDisk Professional to G-Drive, following SanDisk's spin-off. This move allows WD to refocus on HDD products and re-establish a dedicated brand for creative professionals, offering a range of new and updated storage solutions. The relaunched G-Drive line includes five products, from portable ArmorATDs to high-capacity RAID Shuttles, catering to various professional storage needs.
Some US investors pivot to infrastructure amid broader AI selloff
As concerns grow over the high valuations of AI tech giants, some investors are reallocating their focus to infrastructure companies that support AI's physical demands. This shift is leading to the creation of new financial products, with many infrastructure-related stocks showing double-digit gains this year. While caution is advised due to rising valuations in the AI infrastructure sector, companies providing essential services like chip manufacturing, data centers, and power utilities are seeing increased investment.
Why WD is putting all its pro creator hard drives under G-DRIVE
WD (Western Digital) is unifying its professional content creator storage portfolio under the G-DRIVE® brand, moving away from SanDisk Professional branding for these products. This consolidation aims to leverage the G-DRIVE® brand's reputation for quality and performance, offering high-capacity and high-performance external storage solutions for various creative workflows. The initial G-DRIVE® lineup includes several new products like the G-DRIVE ArmorATD, G-DRIVE, G-DRIVE PROJECT, G-RAID PROJECT 2, and G-RAID® SHUTTLE series, supporting the full creative lifecycle from capture to post-production.
WD Unifies its Professional Content Creator Storage Portfolio Under the G-DRIVE® Brand
Western Digital (WD) has consolidated its professional content creator storage portfolio under the G-DRIVE® brand, replacing SanDisk Professional branding. This move aims to offer a unified line of high-capacity, high-performance external storage solutions for creative professionals. The G-DRIVE lineup includes desktop drives, portable drives, and multi-bay RAID systems, with existing SanDisk Professional HDD-based products continuing to receive full support and warranty.
Western Digital shares gains 8% reaching new all-time high 📈
Western Digital's stock surged over 8% to a new all-time high due to two significant developments: the company has fully booked its 2026 hard-disk-drive (HDD) production capacity, driven by demand from AI data centers, and is accelerating the sale of its remaining $3 billion SanDisk stake. These actions position Western Digital as a key beneficiary of the AI boom, strengthening its financial flexibility and solidifying its role in the data infrastructure supply chain.
Crocs's Q4 Earnings Call: Our Top 5 Analyst Questions
Crocs reported strong Q4 results, surpassing Wall Street expectations for revenue and adjusted profit, driven by international growth and robust direct-to-consumer sales. Management addressed analyst questions regarding North American outlook, new product introductions, pricing, international growth sustainability, and HeyDude's recovery timeline. The company anticipates continued growth in key regions and aims to stabilize the HeyDude brand in the coming quarters.
Western Digital to sell $3.17 billion in Sandisk stake
Western Digital plans to sell $3.17 billion worth of its stake in former unit Sandisk through a secondary share sale to alleviate its debt. The sale, at a 7.7% discount, aims to strengthen Western Digital's balance sheet, reduce leverage, and allow for investments in core operations. The transaction involves swapping shares with debt held by affiliates of J.P. Morgan and BofA Securities.
Can Higher-Capacity HAMR Momentum Power Seagate's Long-Term Upside?
Seagate Technology Holdings (STX) is positioned for long-term growth driven by its Heat-Assisted Magnetic Recording (HAMR) technology, which addresses the surging demand for high-capacity storage. The company has seen significant adoption of its HAMR drives by hyperscale cloud and enterprise customers, with its Mozaic platform enabling denser storage and improved financial margins. While competitors like Western Digital (WDC) and Micron Technology (MU) are also advancing in storage and memory solutions, Seagate's HAMR ramp and disciplined capital spending are expected to solidify its market position.
Jim Cramer Linked Broadcom (AVGO) & Computer Storage Stocks
Jim Cramer discussed Broadcom Inc. (NASDAQ:AVGO) in relation to computer storage stocks, suggesting that a decline in storage stock prices like Micron, Western Digital, Seagate, and SanDisk could lead to a rally in Broadcom, NVIDIA, and AMD. Broadcom's shares have seen a 42% increase over the past year and DA Davidson initiated coverage with a Neutral rating due to potential limited growth in ASICs despite tailwinds from AI chip demand. Jefferies maintained a Buy rating, highlighting Broadcom's strong position in the AI and networking industries.
Jim Cramer Linked Broadcom (AVGO) & Computer Storage Stocks
Jim Cramer discussed Broadcom (AVGO) in relation to computer storage stocks like Micron, Western Digital, Seagate, and Sandisk. He suggested that if these "shortage stocks" decline, Broadcom, NVIDIA, and AMD would rally. Broadcom's stock is up 42% over the past year but down 6.5% YTD, with analysts offering mixed ratings and price targets.
SanDisk Stock Fights Back From Early Losses After Offering
SanDisk (NASDAQ: SNDK) shares initially fell but rebounded after the company announced a secondary public offering of 5.8 million shares at a discount. Western Digital, the former parent company, is selling its shares through a debt-for-equity swap, reducing its overhang on SanDisk. Technical indicators show strong long-term growth, despite some bearish pressure indicated by the MACD, and analysts have recently raised price targets.
MaxLinear Adds Western Digital CFO Kris Sennesael to Board
MaxLinear has appointed Kris Sennesael, CFO of Western Digital, to its board of directors as a Class I director. This move is expected to enhance the board's financial oversight and support MaxLinear's strategic goals due to Sennesael's extensive semiconductor and finance background. His compensation package includes cash retainers and restricted stock, aligning his incentives with the company's long-term performance.
Can Higher-Capacity HAMR Momentum Power Seagate's Long-Term Upside?
Seagate Technology Holdings plc (STX) is leveraging its Heat-Assisted Magnetic Recording (HAMR) technology to meet the rising demand for high-capacity storage driven by AI and cloud computing. The company is actively shipping its HAMR-based drives and has secured significant customer adoptions, with nearline capacity fully booked through 2026. This technology is expected to enhance Seagate's financial profile through improved margins and cost efficiency, positioning it well in the competitive storage market against rivals like Western Digital and Micron Technology.
Western Digital to sell $3.17 billion stake in SanDisk
Western Digital is planning to sell a $3.17 billion stake in its flash memory unit, SanDisk. This move aims to optimize its portfolio and potentially strengthen its financial position. The sale indicates a strategic shift within the company regarding its flash memory assets.
Western Digital Cuts Final Ties with SanDisk: $3.1 Billion Exit Sends Shares Tumbling
Western Digital Corp. (NASDAQ: WDC) has finalized its separation from the flash memory market by selling its remaining 7.5 million share stake in SanDisk (NASDAQ: SNDK) for approximately $3.1 billion. This transaction, structured as a debt-for-equity exchange, marks the end of a decade-long merger and allows Western Digital to focus on its Hard Disk Drive business and SanDisk to operate as a fully independent NAND flash company. While SanDisk's shares dropped 5.74% post-sale, analysts view it as a technical correction, with both companies now poised for specialized growth in their respective markets.
Western Digital Sold Out All 2026 Hard Drive Production as AI Centers Scramble
Western Digital (WDC) shares have surged significantly due to unprecedented demand from hyperscale AI data centers, leading to the company selling out its entire 2026 HDD production capacity. This shift has transformed Western Digital into an AI infrastructure powerhouse, with long-term supply agreements extending through 2028. The increased demand for AI storage has also boosted competitors like Seagate Technology (STX), confirming a sector-wide revaluation of storage infrastructure for AI workloads.
The 5 Most Interesting Analyst Questions From Waste Connections's Q4 Earnings Call
Waste Connections's Q4 results showed operational improvements and disciplined pricing, yet the market reacted negatively. Management highlighted margin gains from employee retention and declining safety incidents, along with overcoming commodity headwinds and the Chiquita Canyon Landfill closure through cost savings and pricing strategies. This article analyzes the five most insightful analyst questions from the earnings call, covering CapEx spending, cost trends, RNG investments, landfill ramp-up, and Chiquita's leachate production.
MaxLinear appoints semiconductor veteran Kris Sennesael to board By Investing.com
MaxLinear, Inc. has appointed Kris Sennesael, former CFO of Western Digital, to its Board of Directors, effective February 13, 2026. Sennesael brings over 25 years of semiconductor industry experience, which MaxLinear's CEO expects will be valuable for the company's innovation and growth strategies amidst challenges like a terminated merger. Meanwhile, Silicon Motion, a company entangled in MaxLinear's past merger issues, has shown strong financial performance and positive analyst revisions.
Stocks to Watch Wednesday: Palo Alto Networks, Sandisk, Kenvue
This article highlights key stocks to watch on Wednesday, focusing on Analog Devices, Palo Alto Networks, and Sandisk. Analog Devices saw its stock rally after exceeding quarterly expectations, while Palo Alto Networks dropped in premarket trading despite raising its annual revenue outlook, due to disappointing EPS guidance. Sandisk shares also fell after its former parent company, Western Digital, announced plans to sell shares in the flash-memory supplier.
Western Digital to sell 5.8 million Sandisk shares at $545 each
Western Digital is selling 5.8 million shares of its former subsidiary Sandisk at $545 per share in a secondary public offering. Sandisk will not receive any proceeds from the sale, which is structured as a debt-for-equity exchange with J.P. Morgan Securities LLC and BofA Securities. Following the transaction, Western Digital will retain a portion of Sandisk shares, planning to dispose of them through future exchanges or distributions to its stockholders.
Western Digital to sell partial Sandisk stake for $3.17 billion to cut debt
Western Digital plans to sell a portion of its stake in former unit Sandisk for $3.17 billion through a secondary share offering. This move aims to help the hard disk drive maker cut down its debt. The sale, at a 7.7% discount, involves swapping 5.8 million shares with debt held by affiliates of J.P. Morgan and BofA Securities, with Western Digital eventually planning to dispose of its remaining nearly $1 billion stake.
Sandisk Announces Pricing of Secondary Offering of Common Stock
Sandisk Corporation announced the pricing of a secondary public offering of 5,821,135 shares of its common stock at $545.00 per share. These shares are currently owned by Western Digital Corporation (WDC), Sandisk's former parent, which will not receive any proceeds from the sale as Sandisk itself is not selling any shares. The offering involves a debt-for-equity exchange where WDC will exchange the shares for certain indebtedness with affiliates of J.P. Morgan Securities LLC and BofA Securities, who will then act as selling stockholders.
Hyperscalers snap up all Western Digital HDD capacity for 2026
Western Digital's entire HDD capacity for 2026 is already fully booked, primarily by hyperscalers and large cloud providers due to surging data center demand and AI workloads. This high demand, coupled with manufacturing constraints, is expected to lead to increased prices for storage capacity, mirroring past shortages in RAM and SSDs. Consumer-focused products now account for only 5% of Western Digital's revenue, as the company pivots to meet enterprise storage needs for AI.
Western Digital to unload 5.8M Sandisk shares in public sale
Sandisk Corporation announced the pricing of a secondary public offering of 5,821,135 shares of its common stock, currently owned by its former parent, Western Digital Corporation (WDC), at a price of $545.00 per share. Sandisk will not receive any proceeds from this sale, as the transaction involves WDC exchanging the shares for certain indebtedness with J.P. Morgan Securities LLC and BofA Securities before they are sold to underwriters. The offering is expected to close on February 19, 2026.
Western Digital to sell $3.17 billion stake in Sandisk
Western Digital plans to sell a partial stake in its former unit Sandisk for $3.17 billion to reduce debt. The sale involves swapping 5.8 million shares with debt held by J.P. Morgan and BofA Securities affiliates. This transaction is expected to leave Western Digital with approximately $1 billion worth of Sandisk shares, which it intends to dispose of eventually.
Sandisk Announces Launch of Secondary Offering of Common Stock
Sandisk Corporation announced a secondary public offering of $3,085,774,648 worth of its common stock, currently owned by its former parent, Western Digital Corporation (WDC). Sandisk will not receive any proceeds from this sale, as WDC is expected to exchange these shares for certain indebtedness with J.P. Morgan Securities LLC and BofA Securities before the offering closes. These firms will then act as selling stockholders and sell the shares to underwriters.
Form 424B2 JPMORGAN CHASE & CO
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Equity Notes linked to the S&P 500 Index. These notes provide a capped, unleveraged exposure to appreciation or the absolute value of depreciation (up to a 15% buffer) of the S&P 500 Index at maturity. Investors risk losing up to 85% of their principal and should be willing to forgo interest and dividend payments.
AI Companies Bought Out All of Western Digital’s Hard Drives for 2026 Already
AI demand has led to a significant shortage of hard drives for consumers, as Western Digital has pre-sold its entire 2026 hard drive production to its top seven customers. This surge in demand from data centers underlines the hard drive's continued relevance despite the rise of SSDs, but leaves average consumers unable to purchase new drives until at least 2027, and in some cases, 2028. Western Digital's focus has shifted almost entirely to enterprise clients, with retail customer revenue representing a small fraction of their total earnings.
Sandisk’s stock falls as Western Digital plans to sell shares. What investors need to know.
Western Digital plans to sell its shares in Sandisk through a $3.09 billion secondary offering, which is expected to bolster Western Digital's balance sheet and reduce its debt. This move comes after Sandisk experienced significant stock gains since its spinoff from Western Digital approximately a year ago. Investors should be aware of this share sale by Sandisk's former parent company.
AI Demand Clears Out Western Digital's Hard Drive Supply for 2026
Western Digital's hard drive supply for 2026 is already sold out due to high demand from AI companies, which have placed firm purchase orders extending to 2028. This surge in demand is similar to what has been observed in RAM prices and has led to a shift where manufacturers prioritize enterprise needs over consumer markets. The situation may also be influenced by rising SSD costs, pushing data centers to consider a mix of storage solutions, and could lead to increased PC and smartphone prices for consumers.
Western Digital (WDC) share price steadies as “sold out for 2026” hard-drive talk spreads — what’s next
Western Digital's stock price steadied after reports indicated its hard-drive capacity for 2026 is largely sold out, signaling stronger pricing power and demand driven by AI workloads. This news positions Western Digital as a key indicator for data-center storage and suggests a more stable cash flow, contrasting with past volatility linked to PC cycles. The hard-drive crunch reinforces the trend of investors moving into AI infrastructure-related storage and memory stocks.
MaxLinear appoints semiconductor veteran Kris Sennesael to board
MaxLinear, Inc. has announced the appointment of Kris Sennesael to its Board of Directors, effective February 13, 2026. Sennesael brings extensive semiconductor industry experience from his roles at Western Digital, Skyworks Solutions, Enphase Energy, and Standard Microsystems. This appointment comes as MaxLinear navigates challenges including a terminated merger with Silicon Motion, which has seen its stock perform remarkably.
What Western Digital's CFO brings to MaxLinear's boardroom
MaxLinear, Inc. has appointed Kris Sennesael, the current CFO of Western Digital, to its Board of Directors. Sennesael brings over 25 years of financial and operational leadership from the semiconductor industry, including previous roles at Skyworks Solutions, Enphase Energy, and Standard Microsystems. His extensive experience in strategic planning and capital markets is expected to be invaluable as MaxLinear focuses on innovation, growth, and shareholder value.
MaxLinear appoints semiconductor veteran Kris Sennesael to board
MaxLinear, Inc. has announced the appointment of Kris Sennesael, a semiconductor industry veteran and current CFO at Western Digital, to its Board of Directors, effective February 13, 2026. Sennesael brings over 25 years of experience to the role, having previously held CFO positions at other major companies and served as a director for Maxeon Solar Technologies. The company anticipates benefiting from his financial acumen and operational expertise as it navigates challenges and focuses on strategic growth.
MaxLinear Appoints Kris Sennesael to Board of Directors
MaxLinear, Inc. has appointed Kris Sennesael to its Board of Directors, effective February 13, 2026. Sennesael brings over 25 years of global financial and operational leadership in the semiconductor industry and is currently the Executive Vice President and CFO of Western Digital. His expertise in strategic planning, capital markets, and scaling high-growth technology businesses is expected to support MaxLinear's innovation and growth strategies.
MaxLinear Adds Western Digital CFO Kris Sennesael to Board
MaxLinear (MXL) has appointed Kris Sennesael, the Executive Vice President and CFO of Western Digital, to its board of directors, effective February 13, 2026. Sennesael will serve as a Class I director until the 2028 annual shareholders’ meeting and will immediately join the audit committee. His appointment is expected to strengthen MaxLinear's financial oversight and strategic focus, with his compensation package including cash retainers and a multi-tranche restricted stock grant to align his incentives with the company's long-term performance.
Bank of America Securities Remains a Sell on HP (HPQ)
Bank of America Securities analyst Wamsi Mohan reiterated a Sell rating on HP (HPQ) with a price target of $18.00, citing the company's shares closing at $18.87 last Friday. This stance is supported by a general Moderate Sell consensus among analysts and negative corporate insider sentiment, with increased insider selling recently. HP reported a quarterly revenue of $14.64 billion and a net profit of $795 million for the quarter ending October 31.
