Western Digital Corporation (WDC) Is At 13 Times Earnings, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Warned About Big Risk To Big Tech. Western Digital Corporation (NASDAQ:WDC) is one of the stocks Jim Cramer recently discussed.

Western Digital Corporation (NASDAQ:WDC) is a computer hardware company that makes and sells storage products. The shares have gained a whopping 97.8% year-to-date due to strong earnings reports, which have beaten analyst estimates. For instance, Western Digital Corporation (NASDAQ:WDC)’s shares jumped by 10% in July after the firm’s fourth quarter earnings report. The shares then rose by 12.6% in September after Morgan Stanley raised its price target to $99 from $92 and classified the stock as its Top Pick. Cramer briefly commented on the rise in Western Digital Corporation (NASDAQ:WDC)’s shares:

“Western Digital up once again, at 13 times earnings.”

Here are his previous thoughts about Western Digital Corporation (NASDAQ:WDC):

“Going forward, I think that could be the real difference between Micron and Western Digital… When Micron’s stock goes down, the company will be in there buying it hand over fist with you. When Western Digital’s stock goes down, it just goes down.”

While we acknowledge the potential of WDC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.