Here's the One Storage Stock I'd Buy With $2,000
Key PointsWestern Digital's CEO said in late January that the company was essentially sold out for calendar 2026, backed by firm purchase orders from its top seven customers.
In late January, Western Digital's CEO, Irving Tan, announced that the company was nearly sold out for the fiscal year 2026. During the same earnings call, Tan highlighted firm purchase orders from the top seven customers, covering the hard-drive production for the year. Moreover, multiyear agreements were secured with three of the company's top five customers, two of which are valid until 2027 and another one until 2028.
However, Western Digital is not alone in this situation. The rapid growth of artificial intelligence (AI) data centers has led storage buyers to commit to long-term contracts. Seagate Technology has allocated most of its nearline exabytes, which are utilized in high-capacity cloud data centers, for the period up to 2028. Similarly, SanDisk has locked in buyers for over half of the memory it anticipates shipping during the current fiscal year, with price floors attached.
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