10 AI News and Ratings You Should Not Miss

3. Western Digital Corporation (NASDAQ:WDC)

Number of Hedge Fund Holders: 66

Western Digital Corporation (NASDAQ:WDC) makes and sells data storage devices for different applications, including personal, enterprise, and consumer use. On January 30, TipRanks reported that Citi’s Asiya Merchant kept a Buy rating on Western Digital with an $80 price target.

Strong demand for high-capacity HDDs, driven by supply constraints and long lead times, supports the company’s valuation. Although the flash business faces short-term weakness due to slow consumer device growth and inventory adjustments, conditions are expected to improve by spring. AI-driven demand and stabilizing NAND prices also signal potential recovery, which reinforces confidence in Western Digital’s outlook.