Certain companies like Nvidia and Amazon have emerged as clear winners in the artificial intelligence (AI) sector, but there’s a hidden player that Wall Street may be overlooking. Western Digital, a leader in data storage, is benefiting from the AI boom with revenue climbing and gross margins expanding in the most recent quarter.

As AI continues to drive demand for storage solutions, Western Digital’s expertise in hard disk drive (HDD) based storage devices positions them as a key player in the industry. With revenue climbing by 25% to over $3 billion and gross margins expanding to 45.7%, Western Digital’s stock, trading at 28x forward earnings estimates, may have room to grow.

While Western Digital may not be on the radar for some investors, analysts expect the stock to advance and generally hold a buy rating on it. As AI continues to shape the technology landscape, Western Digital’s established position in data storage makes it a player to watch in the evolving AI market.

Read more at Nasdaq: The Hidden AI Winner That Wall Street May Be Ignoring