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ubs lowers western digital price target amid mixed business outlook

UBS has lowered its price target for Western Digital (WDC) from $78 to $70 while maintaining a Neutral rating. The downgrade follows disappointing performance in the NAND business, although the Hard Disk Drive segment remains stable due to supply discipline. The upcoming spin-off of the NAND business may not significantly unlock value unless it leads to consolidation.

stock market faces sharp sell-off as yields rise and major stocks tumble

The stock market faced significant losses following the Federal Reserve's rate outlook, with the Dow Jones plunging 2.6% and the S&P 500 down 2.95%. Major tech stocks like Nvidia and Tesla also fell, while Micron's weak guidance led to a sharp decline in its shares. Despite a slight bounce in futures, the market remains volatile, with rising Treasury yields and economic uncertainty ahead.

global healthcare data storage market poised for significant growth by 2030

The Global Healthcare Data Storage Market is projected to grow from $3.74 billion in 2023 to $11.16 billion by 2030, driven by increasing demand and technological advancements. The comprehensive report analyzes market trends, competitive landscape, and future growth opportunities across various segments and applications. Key players include Dell, IBM, and Pure Storage, among others, highlighting the industry's dynamic nature and potential for innovation.

navigating supply chain resilience in a shifting geopolitical landscape

As geopolitical tensions rise and climate change impacts intensify, companies are reevaluating their supply chains, balancing efficiency with resilience. The shift towards deglobalization and protectionism is prompting a reconsideration of production locations, yet many still rely on increased inventory rather than diversifying sites. This evolving landscape highlights the critical interplay between sustainability, labor dynamics, and corporate strategy.
12:04 15.11.2024
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