In Monday market stock trading, watch Western Digital (WDC) and First Solar (FSLR). Shares in those firms jumped last week.
On Oct. 31, First Solar rose by over 14%. It reported Q3 net profit of $455.9 million ($4.24/share). Revenue increased by 79% Y/Y to $1.59 billion. The firm posted strong bookings, while it set a guidance cut that was lower than analysts expected. The firm is managing near-term headwinds by strategically investing $4.5 billion.
It is expanding its U.S. manufacturing production and reshoring its supply chains. That would remove tariff-related risks. Furthermore, the firm is monitoring the dialogue between the U.S. and Indian governments. Its first deployment for cells is effective as of June 2026. It also has wafers for potential deployment after June 2028.
Storage supplier Western Digital (WDC) added 8.75% last Friday. Despite a forward P/E of 19.8 times, investors are betting that agentic AI increases demand for WDC products.
CEO Tiang Yew Tan said that agentic AI is beginning to scale in several industries. Also, multimodal LLM is becoming the norm. AS a result, shipments for its ePMR products offer up to 26 terabytes. It also has a 32-terabyte UltraSMR capacity for customers. In Q1/2026, shipments exceeded 2.2 million units.
Watch Seagate (STX) and Pure Storage (PSTG), too. They will perform well alongside that of STX stock.
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