Fidelity Dividend Growth Fund on Western Digital Corporation
Thesis
Fidelity holds Western Digital as a meaningful overweight and sees AI as a powerful driver of storage demand. The company reported better-than-expected quarterly results, including stronger earnings and gross margin, while management raised financial guidance. The fund believes brisk demand for storage solutions supporting AI can sustain operating momentum.
“brisk demand for the firm's storage solutions for AI capabilities contributed to the solid quarter.”