10 AI Stocks Making Headlines This Week

6. Western Digital Corporation (NASDAQ:WDC)

Number of Hedge Fund Holders: 74

Western Digital Corporation (NASDAQ:WDC) is one of the 10 AI Stocks Making Headlines This Week. On September 16, Bernstein SocGen Group initiated coverage on the stock with a Market Perform rating and a price target of $96.00.

The research firm has cited WDC’s inexpensive valuation both in absolute terms and relative to competitor Seagate Technology (STX). It believes that the company will benefit from cyclical strength in hard disk drives (HDDs).

The firm has also warned that WDC may be faced with market share and margin pressure as it pushes to keep up in Heat-Assisted Magnetic Recording (HAMR) technology.

Western Digital Corporation (NASDAQ:WDC) develops, manufactures, and sells data storage devices and solutions.