10 Best Hardware Stocks to Buy Now

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1. Western Digital Corporation (NASDAQ:WDC

Number of Hedge Fund Holders: 85

Western Digital Corporation (NASDAQ:WDC) is a leading technology company that provides data storage devices and solutions. Its product portfolio includes hard disk drives (HDDs), solid-state drives (SSDs), embedded storage products, flash memory wafers, and data center software.

On April 10, Benchmark upgraded the stock from Hold to Buy with a price target of $55. The positive sentiment was driven by Western Digital Corporation’s (NASDAQ:WDC) developments in the flash memory and nearline drive segments. The analyst believes that these segments are projected to benefit from the improving market. During the fiscal second quarter of 2025, the company delivered $4.29 billion in revenue, reflecting a 5% quarter-over-quarter growth. The growth was driven by the Cloud segment which grew by 6% during the same time. Management expects strong performance from its HDD and has introduced a new strategic approach for its flash business which will help it in capturing the growing demand for AI Data Centers. Western Digital Corporation (NASDAQ:WDC) is the best hardware stock to buy now.

While we acknowledge the potential of WDC to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than WDC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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