Jim Cramer Notes "Western Digital Stock Has Been One of the Best Performers of This Era"

Western Digital Corporation (NASDAQ:WDC) is one of the stocks on Jim Cramer’s recent game plan. Cramer mentioned the stock during the episode and remarked:

We’ve also got an important analyst meeting on Tuesday. I’m talking about… Western Digital. Oh boy, this is critical because we just got their earnings this week. They were great, and yet the stock still went down. We have to find out what that’s about. Western Digital stock has been one of the best performers of this era, but this storage device company truly is part of the problem now, not the solution, when it comes to its customers. Sandisk, Western Digital, Seagate didn’t see the strength of its clients coming, especially the data center demand.

Plus, none plan to expand their factories enough to alleviate the tightness anytime soon. That’s done real damage to their customer base, companies like Apple, which barely finished up today in the wake of a tremendous quarter, because people are worried about this chip shortage. Whose fault is that? Nobody’s really. No one saw this coming except, yes, indeed, Jensen Huang, the godfather of AI and CEO of NVIDIA. He saw it. Why didn’t anyone listen to him? We were shouting it from the rooftops.

Western Digital Corporation (NASDAQ:WDC) designs and supplies data storage solutions, including internal and external hard drives, portable drives, data center platforms, NAS systems, and related accessories.

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