Buy the Dip in Western Digital: AI-Driven Storage Demand and a Reasonable Valuation
Western Digital (WDC) is a buy here. Near-term headline risk around AI spending and China exposure has pressured the stock, but the company's revenue growth tailwind from datacenter demand, strong margins in the NAND/SSD cycle and solid free cash flow make current levels an attractive entry. Trade plan: enter at $378.35, stop at $340.00, target $52…