From Yahoo Finance: 2025-04-14 15:35:00

The computer hardware industry is expected to reach $761 billion by 2025, with a projected growth rate of 6.5%. The market is driven by trends like edge and quantum computing, AI, data centers, and cloud environments. The global PC market grew by 1.8% in Q4 of 2024, with China’s government subsidies aiding the growth.

Despite concerns about tariffs in January 2025, the PC shipment market grew by 4.9% in Q1 of 2025. The increased shipments were a result of the ecosystem accelerating deliveries to avoid tariffs. However, the second round of tariffs announced in April could potentially impact future shipments negatively.

Western Digital Corporation (NASDAQ:WDC) is a leading technology company providing data storage solutions. Benchmark upgraded WDC from Hold to Buy with a price target of $55. WDC’s positive performance in flash memory and nearline drive segments is projected to benefit from the growing market. Management expects strong performance from its HDD segment and introduced a strategic approach for its flash business to cater to AI Data Centers.

WDC ranks 1st on the list of best hardware stocks to buy now. While WDC shows potential for growth, AI stocks are believed to offer higher returns in a shorter time frame. Consider exploring the report on the cheapest AI stock for promising investment opportunities.

Read more: Is Western Digital Corporation (WDC) The Best Hardware Stock To Buy Now?