10 Best Computer Hardware Stocks to Buy According to Billionaires

3. Western Digital Corp. (NASDAQ:WDC)

Number of Billionaire Investors: 15

Billionaire Holdings: $710 Million

Number of Hedge Fund Holders: 85

Western Digital Corp. (NASDAQ:WDC) is a prominent developer and manufacturer of data storage devices and solutions. The company’s product range includes hard disk drives (HDDs), solid-state drives (SSDs), and external storage systems tailored for both consumer and enterprise markets. The company’s storage solutions find applications in personal computing, data centers, and cloud storage services, meeting the increasing global demand for reliable and high-capacity data storage.

In Q2 2025, Western Digital Corp. (NASDAQ:WDC) reported record-high data center revenue, driven by its advanced Ultra SMR technology and strong cloud partnerships. While AI-driven data demand remains robust, the company expects a short-term decline in bit shipments due to weaker PC OEM and consumer demand. Inventory adjustments are anticipated in early 2025, but recovery is expected in the second half, supported by AI-driven PC adoption during the Windows refresh cycle. Data centers and mobile markets are projected to stay strong in Q3.

As the Sandisk spin-off is now out of the way, BofA analyst Wamsi Mohan revised the price target for Western Digital Corp. (NASDAQ:WDC) to $58 (down from $82 earlier) while maintaining a Buy rating, in a report on March 13. Factoring in the spin-off, the firm now projects FY 2025 revenue at $9.3 billion and EPS at $4.52, down from its previous estimates of $16.6 billion in revenue and $6.09 in EPS. Consensus opinion on the stock is currently largely positive with a 1-year median price target of $64, which implies an upside potential of 44%.