35 Most Important AI Stocks for 2025 According to JPMorgan

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22. 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. In June 2024, the company introduced a six-stage AI Data Cycle framework, designed to optimize storage solutions for AI workloads. This initiative aims to enhance efficiency and reduce the total cost of ownership for AI workflows. Financially, Western Digital reported robust earnings in the first quarter of fiscal 2025, with adjusted earnings per share of $1.78 on $4.1 billion in revenue, surpassing analysts’ expectations. A key driver of this performance was a 153% year-over-year increase in cloud revenue, reaching $2.2 billion, attributed to the rising demand for AI and cloud computing services. The firm is benefiting from a recovery in the hard drive market and a strategic focus on AI-related storage solutions.

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