Seagate Technologies' (NASDAQ: STX) stock can move a lot higher because it can deliver AI-capable hard drives at scale for the data center industry like no other company in the business. This is important for memory storage infrastructure, necessary for training models and inference.
Seagate’s ramping growth and growth outlook are underpinned by a robust data center deal pipeline, as reflected in news from NVIDIA, Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL), Oracle (NYSE: ORCL), OpenAI, and virtually every other AI-interested party. The critical detail is that the surging outlook also drives a robust analyst trend, and its influence on the market is strengthening.
