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AI Demand Sells Out Western Digital Hard Drives Through 2026, Long-Term Agreements Lock Supply

Western Digital CEO Irving Tan confirmed the company is completely sold out of hard drives for 2026, with firm purchase orders from top enterprise customers. AI data centers have locked in supply through long-term agreements extending to 2028, leaving consumers facing shortages and price hikes. With 89% of revenue from cloud businesses and SSDs now costing 16 times more than HDDs, the AI infrastructure boom is reshaping the storage market.

Business14 sources

AI Demand Sells Out Western Digital Hard Drives Through 2026, Long-Term Agreements Lock Supply

Business14 sources

Bill Ackman bets $2 billion on Meta's AI investment despite Wall Street's growing concerns

Hedge fund billionaire Bill Ackman has taken a nearly $2 billion stake in Meta, representing 10 percent of Pershing Square's capital. The contrarian bet comes as Wall Street grows anxious over Meta's ballooning AI-related capital expenditures, which could reach $135 billion this year. Ackman believes the market undervalues Meta's long-term AI potential.

Business2 sources

Bill Ackman bets $2 billion on Meta's AI investment despite Wall Street's growing concerns

Business2 sources

Capgemini bets on AI transformation as generative AI bookings hit 10% of quarterly sales

French IT services giant Capgemini exceeded its 2025 revenue target, reaching €22.47 billion, as AI-powered services accelerated in Q4. CEO Aiman Ezzat revealed that generative and agentic AI now account for over 10% of bookings, up from 5% earlier in the year. The company projects 6.5%-8.5% revenue growth in 2026, fueled by AI-led transformation programs and its recent WNS acquisition.

Business2 sources

Capgemini bets on AI transformation as generative AI bookings hit 10% of quarterly sales

Business2 sources

Arista Networks raises revenue forecast as AI demand fuels data center networking growth

Arista Networks posted fourth-quarter revenue of $2.49 billion, beating Wall Street estimates of $2.38 billion, and forecast first-quarter revenue of $2.6 billion above analyst expectations. The networking equipment provider raised its 2026 revenue outlook to $11.25 billion with a 25% growth target, driven by surging demand from cloud and AI companies investing heavily in infrastructure. Shares jumped more than 17% in after-hours trading.

Business3 sources

Arista Networks raises revenue forecast as AI demand fuels data center networking growth

Business3 sources

Applied Materials projects 20% semiconductor equipment growth as AI demand fuels record results

Applied Materials reported first-quarter earnings that beat analyst expectations, with adjusted EPS of $2.38 on revenue of $7.01 billion. The semiconductor equipment manufacturer projects over 20% growth in 2026, driven by surging demand for AI chips and a worldwide memory shortage. Shares jumped over 12% in extended trading as the company's bullish forecast lifted sentiment across the chip equipment sector.

Business3 sources

Applied Materials projects 20% semiconductor equipment growth as AI demand fuels record results

Business3 sources

Western Digital's 970% surge reveals AI's hidden storage crisis as hyperscalers lock in supply

Western Digital soared 970% in less than a year, becoming the second-best S&P 500 performer in 2025. The storage maker secured multi-year procurement agreements with AWS, Microsoft Azure, and Google Cloud as AI training demands overwhelm existing data storage infrastructure. With 215 exabytes shipped in Q2 2026 and margins hitting 46.1%, the company is betting on HAMR technology to deliver 100TB drives by 2029.

Technology2 sources

Western Digital's 970% surge reveals AI's hidden storage crisis as hyperscalers lock in supply

Technology2 sources

Nebius Group capex jumps to $2.1 billion as AI cloud firm expands GPU and data center footprint

Amsterdam-based Nebius Group reported capital expenditures of $2.1 billion in Q4, up from $416 million a year earlier, as the AI cloud firm races to meet surging demand. The company plans nine new data centers across the US, France, Israel and UK while serving tech giants Microsoft and Meta.

Business2 sources

Nebius Group capex jumps to $2.1 billion as AI cloud firm expands GPU and data center footprint

Business2 sources

Lenovo warns of PC shipment pressure as memory shortage hits despite record AI server revenue

Lenovo reported 18% revenue growth to $22.2 billion in its December quarter, driven by strong AI server demand and consumers rushing to beat memory price hikes. However, the world's largest PC maker warned that rising memory costs and supply constraints will pressure unit sales, even as its AI infrastructure business hit record revenue with 31% growth.

Business5 sources

Lenovo warns of PC shipment pressure as memory shortage hits despite record AI server revenue

Business5 sources

SoftBank's AI investments deliver $1.62 billion profit as OpenAI stake drives turnaround

SoftBank Group swung back to profitability with $1.62 billion in net income for Q3, reversing a $369 billion yen loss from the previous year. The turnaround was driven primarily by a $4.2 billion gain from its OpenAI stake, part of $17 billion in total gains from the ChatGPT-maker. The technology investor sold its Nvidia position for $5.8 billion to deepen its focus on AI infrastructure and private AI platforms.

Business8 sources

SoftBank's AI investments deliver $1.62 billion profit as OpenAI stake drives turnaround

Business8 sources

Cisco Raises Revenue Forecast as Hyperscaler AI Demand Drives $2.1B in Infrastructure Orders

Cisco reported record Q2 revenue of $15.3 billion, up 10% year-over-year, fueled by explosive AI infrastructure demand from hyperscalers. The networking giant raised its full-year revenue forecast to $61.2-$61.7 billion and secured $2.1 billion in AI infrastructure orders from hyperscalers alone, reflecting triple-digit order growth. CEO Chuck Robbins highlighted momentum in Silicon One architecture and sovereign AI solutions as enterprises modernize networks for AI-era workloads.

Business4 sources

Cisco Raises Revenue Forecast as Hyperscaler AI Demand Drives $2.1B in Infrastructure Orders

Business4 sources

EssilorLuxottica sells 7 million AI glasses in 2025, tripling sales as Meta partnership surges

EssilorLuxottica reported an 18% surge in fourth-quarter sales, driven by explosive demand for Ray-Ban Meta and Oakley smart glasses. The eyewear giant sold over 7 million AI-powered glasses in 2025, more than triple the combined sales from 2023 and 2024. Meta is now seeking to double production capacity to 20 million units this year to meet growing consumer demand.

Business2 sources

EssilorLuxottica sells 7 million AI glasses in 2025, tripling sales as Meta partnership surges

Business2 sources

GlobalFoundries beats estimates, bets big on Physical AI as data center chips fuel growth

GlobalFoundries reported Q4 revenue of $1.83 billion and forecast Q1 revenue above Wall Street expectations, driven by strong chips demand from data centers. The company announced a $500 million share buyback program and revealed its silicon photonics revenue doubled to over $200 million, with plans to nearly double again this year as it pivots toward Physical AI.

Business2 sources

GlobalFoundries beats estimates, bets big on Physical AI as data center chips fuel growth

Business2 sources

Cloudflare stock surges 10% as AI agents fuel networking and security demand

Cloudflare's stock rallied 10% after the company reported Q4 earnings that beat Wall Street estimates, driven by surging demand from AI agents. CEO Matthew Prince highlighted a fundamental re-platforming of the internet as AI agentic tools increasingly rely on Cloudflare's infrastructure. The company raised its 2026 revenue forecast to $2.79-$2.80 billion.

Business4 sources

Cloudflare stock surges 10% as AI agents fuel networking and security demand

Business4 sources

Tower Semiconductor beats profit estimates as AI chip demand fuels $920M silicon photonics push

Israeli chipmaker Tower Semiconductor surpassed fourth-quarter profit expectations, posting 78 cents per share versus estimates of 68 cents. The company announced a $920 million total investment in silicon photonics technology to meet surging demand from data center operators building AI infrastructure, aiming to quintuple production capacity by late 2026.

Business2 sources

Tower Semiconductor beats profit estimates as AI chip demand fuels $920M silicon photonics push

Business2 sources

Fi Money abandons consumer neo-banking for AI-driven B2B tech services, announces layoffs

Bengaluru-based fintech startup Fi Money is pivoting from B2C neo-banking to B2B technology services, shutting down consumer-facing products and implementing staff layoffs. Co-founder Sujith Narayanan announced the shift follows a period of honest reflection, with the company now focusing on deep technology, AI, and building complex systems for enterprises after years of mounting losses and regulatory challenges.

Business2 sources

Fi Money abandons consumer neo-banking for AI-driven B2B tech services, announces layoffs

Business2 sources

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