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Because remote working is expected to continue with the impact of the now rampant COVID-19 Delta variant, organizations are increasingly adopting hybrid working models as a long-term solution. So, the need for efficient computing devices should drive massive demand for computer hardware, especially hard disk drives (HDDs) and solid-state drives (SDDs). The continuing digital transformation is also driving the demand for computer hardware. In fact, the global computer hardware market is expected to grow at 6% CAGR to $1.18 billion by 2025. Consequently, both WDC and STX should see soaring demand for their products in the coming months.
But while WDC’s share price declined 9.2% over the past month, STX has declined only marginally. In terms of the past six months’ performance, STX is a clear winner with 33% gains versus WDC’s 23.5%. But, which of these stocks is a better pick now? Let’s find out.
