11 Best Computer Hardware Stocks to Buy for the Long Term

2. Western Digital Corp. (NASDAQ:WDC)

Western Digital Corp. (NASDAQ:WDC) is one of the 11 best computer hardware stocks to buy for the long term.

On March 3, CEO & Director Tiang Yew Tan spoke at the Morgan Stanley Technology, Media & Telecom Conference 2026, highlighting a structural shift in how customers perceive the value of data and storage. He attributed this to the expansion of artificial intelligence capabilities and the persistent secular growth within the cloud.

Tan believes that customers no longer consider hard drives to be just a commodity. Rather, they view it as a highly strategic component of the AI and cloud stack. Tan stated:

“That also means it’s a great responsibility for us because we need to be able to deliver quality, scalable, reliable exabytes to our customers going forward. And that’s really shaped the strategy that we’ve laid out for the company when we spun out SanDisk, which is really focused around the customer, really getting much closer to the customer, just not in our traditional engagement with their supply chain organizations. We’re much deeper with their engineering and technical organizations as well.”

On February 9, Bank of America Securities increased the price target on Western Digital Corp. (NASDAQ:WDC) from $345 to $375. The firm maintained its Buy rating on the stock, which offers a revised upside potential of almost 53%.

Following in-person investor meetings in New York with CFO Kris Sennesael, the firm said it came away with greater confidence in Western Digital’s ability to achieve the revised long-term targets outlined during its recent Innovation Day.

Western Digital Corp. (NASDAQ:WDC) is a data storage hardware and infrastructure company. It designs and manufactures a broad range of HDD and flash-based storage solutions, from high-capacity data center platforms and NAS systems to portable consumer drives. Its products provide the foundational infrastructure for managing and archiving digital data at scale.