12 Trending AI Stocks on Latest News and Ratings

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9. Western Digital Corporation (NASDAQ:WDC)

Number of Hedge Fund Holders: 66 

Western Digital Corporation (NASDAQ:WDC) develops, manufactures, and sells data storage devices and solutions. It offers high-capacity, high-performance data storage across the six stages of the AI Data Cycle. On December 3, Citi lowered the price target on the stock to $85 from $87 and kept a Buy rating on the shares. Citi’s memory analyst revised down 2025 NAND selling price growth forecasts to down 2% year-over-year from up 5% prior due to weaker than expected mobile and PC demand in the first half of the year, with an anticipated turnaround beginning Q3 of 2025. Citi recognizes NAND near-term fundamentals remain volatile, but continues to remain constructive on Western Digital’s forthcoming spin-off unlocking value.

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