10 Most Undervalued Technology Stocks to Buy Right Now

2. Western Digital Corporation (NASDAQ:WDC)

Forward P/E Ratio: 13.6

Number of Hedge Fund Holders: 78

Western Digital Corporation (NASDAQ:WDC) is one of the 10 Most Undervalued Technology Stocks to Buy Right Now. On May 19, Western Digital Corporation (NASDAQ:WDC) announced new advancements in its storage technology at Computex 2025. The company is focusing on building solutions for artificial intelligence, machine learning, and data-heavy workloads.

During the event, Western Digital Corporation (NASDAQ:WDC) announced the expansion of the Open Composable Compatibility Lab, which is being upgraded to version 2.0. Moreover, the company also introduced OpenFlex Data24 4100 EBOF, which is a new addition to the Data24 series and uses single-port SSDs.

Western Digital Corporation (NASDAQ:WDC) also introduced Ultrastar Data102 3000 ORv3 JBOD at Computex 2025. The product not only meets the latest Open Rack v3 specifications but is designed for cloud data centers. Management noted that these updated products are critical in helping organizations with their growing data demands.

Western Digital Corporation (NASDAQ:WDC) is a tech company that develops data storage solutions and devices.