Why Western Digital’s (WDC) Massive Quarter Is Only the Beginning (ready)

We just published the list of the 10 Best and Cheap Stocks to Buy Heading into 2027 and Western Digital (NASDAQ:WDC) ranks 7th on this list. Wall Street's AI trade took a hard hit on October 30. Reuters reported that a selloff in tech shares pushed MSCI's global index down 1.5%, after results from Intel and Amazon showed how much cash AI spending is burning. Intel fell 28.6%, and the Philadelphia semiconductor index lost more than 7%, its biggest one-day drop since late June. Alphabet's shares had already slid 12.6% a day earlier, after it reported that its AI spending pushed its cash flow negative. The nervousness had been building.