5 Best Artificial Intelligence (AI) Stocks To Buy According to Analysts

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1. Western Digital Corporation (NASDAQ:WDC)

Average Analyst Share Price Upside: 15%

Average Analyst Share Price Target: $67.06

Western Digital Corporation (NASDAQ:WDC) is a computing products company that sells storage devices and disk drives that are used in computers. This provides it with a significant potential to capture AI demand, since along with GPUs and CPUs, storage is an essential component of any AI system. Western Digital Corporation (NASDAQ:WDC)’s shares slipped in January 2023 after its Q4 2023 saw the firm struggle to contain the effects of organizational changes on its income statement and profit.

During Q3 2023, 44 out of the 910 hedge funds surveyed by Insider Monkey were Western Digital Corporation (NASDAQ:WDC)’s stakeholders. Israel Englander’s Millennium Management was the biggest shareholder as it owned $299 million worth of shares.

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