Up 981%, Is Western Digital Stock Still a Buy?
Key takeaways
- WDC NVDA With shares up by an eye-popping 981% over the past 12 months, Western Digital (NASDAQ: WDC) is one of Wall Street s latest darlings in the generative artificial intelligence (AI) megatrend.
- The factors that led to Western Digital s explosive rally are still in play.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
WDC NVDA With shares up by an eye-popping 981% over the past 12 months, Western Digital (NASDAQ: WDC) is one of Wall Street s latest darlings in the generative artificial intelligence (AI) megatrend. The company is benefiting from the surging demand for its high-capacity computer memory and storage hardware needed to help clients train and operate large language models (LLMs).
The factors that led to Western Digital s explosive rally are still in play. But it s hard to not get nervous when looking at a stock chart that has gone practically vertical. Let s explore the pros and cons of the company to decide if it is still a good buy or if investors should take profits and run.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »