Seagate Technology Stock: AI Data Demand Can Push Shares To An All-Time High
Seagate(STX) Seeking Alpha·2024-06-24 21:52
JHVEPhoto Shares of Seagate Technology Holdings plc (NASDAQ:STX) have gained momentum since the company's latest quarterly results. The stock is up nearly 70% over the past year, benefiting from a rebound in earnings. While the mass-capacity data storage market has faced uncertainties in recent years, new demand from cloud computing applications where the technology is still considered the most cost-effective option supports a positive outlook. We last covered STX nearly three years ago highlighting the com ...