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

Western Digital Corporation (NASDAQ:WDC) is one of the Best Unstoppable Growth Stocks to Buy Right Now. Western Digital Corporation (NASDAQ:WDC) has gained more than 9% since the start of 2026. The stock was among the unstoppable technology stocks with 278% gains last year.

On December 31, CEO of Grasso Global, Steve Grasso, appeared on a CNBC Television interview to discuss the company’s performance and whether Western Digital can sustain its gains. Grasso noted that the gains are impressive, and after the flash business spin-off, the company now specializes in hard disks. He added that this strategic shift puts the company in the strong focus zone of hyperscalers. Grasso added that the company has largely benefited from the hyperscaler capital expenditure.

While the gains have been impressive, Grasso noted that the company is trading at 25 times trailing earnings, a figure he believes should be in the mid-teens. He noted that while the valuation concerns become valid considering the P/E ratio, the sector has been defying its historic trends. Therefore, Grasso cautions investors to wait for a few weeks before investing in Western Digital Corporation (NASDAQ:WDC) to see how the company digests its 2025 gains.

Western Digital Corporation (NASDAQ:WDC) develops, manufactures, and sells data storage devices and solutions based on hard disk drive/HDD tech in the US, Asia, Europe, the Middle East, and Africa.

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