Alger Spectra Fund on Western Digital Corporation
Thesis
Alger sees Western Digital benefiting from rising data-center investment and continued data proliferation. A highly consolidated HDD industry, the company's leading market position and a structural shift toward cloud customers support better supply-demand discipline and profitability. Strong fiscal third-quarter revenue and earnings, robust storage demand and improved pricing lifted margins above prior guidance.
“industry participants have emphasized capital discipline—prioritizing higher areal density”