Western Digital Corporation (WDC) Has Risen More Than 9% Since the Start of 2026

On December 31, CEO of Grasso Global, Steve Grasso, appeared connected a CNBC Television interrogation to sermon the company’s show and whether Western Digital tin prolong its gains. Grasso noted that the gains are impressive, and aft the flash concern spin-off, the institution present specializes successful hard disks. He added that this strategical displacement puts the institution successful the beardown absorption portion of hyperscalers. Grasso added that the institution has mostly benefited from the hyperscaler superior expenditure.

While the gains person been impressive, Grasso noted that the institution is trading astatine 25 times trailing earnings, a fig helium believes should beryllium successful the mid-teens. He noted that portion the valuation concerns go valid considering the P/E ratio, the assemblage has been defying its historical trends. Therefore, Grasso cautions investors to hold for a fewer weeks earlier investing successful Western Digital Corporation (NASDAQ:WDC) to spot however the institution digests its 2025 gains.

Western Digital Corporation (NASDAQ:WDC) develops, manufactures, and sells information retention devices and solutions based connected hard disk drive/HDD tech successful the US, Asia, Europe, the Middle East, and Africa.

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