Why Seagate Stock Crushed It With a 17% Gain This Week

Core Insights - The digital storage market is not perceived as overly dynamic, yet companies like Seagate Technology have seen significant stock price increases, with shares rising 16% over the past trading week [1] - The demand for artificial intelligence (AI) functionalities, particularly in inferencing, is driving the need for substantial storage resources, which aligns with Seagate's current offerings [2] - Analysts have raised their price targets for Seagate's stock, with Morgan Stanley's Erik Woodring increasing his fair-value assessment from $168 to $265 per share, maintaining an overweight recommendation [3][4] - In a rising market for the sector, Seagate is recognized as a reliable company that has consistently performed well, making it a key beneficiary of the current bull run [5]