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Customer Narrative on Hard Drives Bodes Well for Western Digital (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.

Sergiy Zavgorodny/Shutterstock.com

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.

While we acknowledge the risk and potential of WDC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WDC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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