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WDC - Western Digital Stock: Not Attractive
June, 20 2024 12:25 PM
Western Digital Corporation
2024-06-20 12:25:03 ET
Summary Western Digital Corporation has seen a massive rally in shares due to tech, chips, and AI hype, but 2024 is expected to be weak. The company's weak margins and cyclical nature make it less attractive compared to other tech companies with stronger business models. Shareholder returns have decreased, and Western Digital's valuation is high, making it a less attractive investment at current prices.
Article Thesis For further details see:
Western Digital Stock: Not Attractive
Stock Information
Company Name:
Western Digital Corporation
Stock Symbol:
WDC
Market:
NASDAQ
Website:
wdc.com
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