JPMorgan and Morgan Stanley Bullish on Western Digital (WDC)

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JPMorgan and Morgan Stanley have expressed bullish sentiments on Western Digital (WDC), raising their price targets due to anticipated strong growth in AI-related suppliers and increased HDD demand. JPMorgan analyst Samik Chatterjee increased the price target to $400, citing AI infrastructure investments, while Morgan Stanley raised its target to $380 based on HDD demand. Despite acknowledging the potential of WDC, Insider Monkey suggests that other AI stocks may offer higher returns in a shorter timeframe.

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