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The AI stock juggernaut has been one of the biggest wealth creators for investors in recent times. Recently, Evercore opined that Western Digital (WDC), a storage company, has been “underappreciated” by investors. Even in that scenario, WDC stock has skyrocketed by 895.6% in the last 52-weeks. The ferocity of the rally from undervalued levels speaks volumes on the pace of the AI infrastructure buildout.
At the same time, the rally is not just pinned on excitement or euphoria. Western Digital has reported robust top-line growth, operating margin expansion, and cash flow upside. Further, with innovation, the company’s product roadmap is likely to ensure that the positive momentum sustains.
