Western Digital and Seagate Technology as beneficiaries of Facebook's cloud expansion strategy.

2021-10-28

At Wells Fargo, analyst Aaron Rogers said that Facebook's (FB) capital expense plans are likely to been seen as positive for cloud-based spending and companies providing the technology behind many cloud-based enterprise efforts.

Rakers cited hard-disk drive makers Western Digital $Western Digital(WDC)$ and Seagate Technology $Seagate Technology PLC(STX)$ as beneficiaries of $Facebook(FB)$ Facebook's cloud expansion strategy.

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