AI Boom Boosts Seagate & Western Digital

AI Boom Fuels Data Storage Surge: Seagate, Western Digital Soar The AI boom is driving a massive demand for high-capacity hard drives, causing a supply crunch and boosting companies like Seagate and Western Digital. Analysts predict a structural shift, with demand outpacing supply and giving these firms significant pricing power. Both companies have seen their shares skyrocket, with Seagate up nearly 600% and Western Digital around 850% in the last year. Theyre locking in long-term contracts and developing new technology to pack more data cheaper. The bull case sees Seagates earnings doubling to $45 per share by 2028, with price targets reaching $700. However, risks such as cooling AI hype or new competition remain. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/94e53db8821a247f