10 Hottest Large-Cap Stocks to Buy Now

​2. Western Digital Corporation (NASDAQ:WDC)

Market Capitalization: $39.57 Billion

6-Month Performance: 222.22%

Number of Hedge Fund Holders: 74

​Western Digital Corporation (NASDAQ:WDC) is one of the Hottest Large-Cap Stocks to Buy Now. On October 13, Amit Daryanani from Evercore ISI raised the firm’s price target on Western Digital Corporation (NASDAQ:WDC) from $85 to $190, while keeping an outperform rating on the stock.

​The analyst noted that the Hard Disk Drive industry is expected to benefit from structural tailwinds such as AI and a growing cloud demand. Moreover, the cloud demand is also driving exabyte shipment growth, improved pricing discipline, and technological advancements.

​In addition, the analyst noted in his research note that the HDD sector is on the path to transformation, which calls for potential price re-evaluations and presents sustained financial performance.

​Western Digital Corporation (NASDAQ:WDC) develops and manufactures storage devices and solutions for a range of users. It delivers HDD solutions that are used by students, gamers, enterprises, and public clouds.