13 Most Promising AI Stocks to Buy Now

Page 4 of 13

10. Seagate Technology Holdings plc (NASDAQ:STX)

Number of Hedge Fund Holders: 55

Seagate Technology Holdings plc (NASDAQ:STX) is one of the Most Promising AI Stocks to Buy Now. Goldman Sachs initiated coverage on the company’s stock with a “Buy” rating and a price objective of $170.00. The firm highlighted Seagate Technology Holdings plc (NASDAQ:STX)’s technological leadership, mainly with respect to its HAMR-based drives, which can help it regain nearline HDD market share. Elsewhere, Mizuho upped the price target on Seagate Technology Holdings plc (NASDAQ:STX)’s stock to $155 from $130, noting that HAMR ramps are driving better ASPs and GMs, with demand looking robust into 2026E amidst increased capacity drives.

Furthermore, Mizuho also added that Seagate Technology Holdings plc (NASDAQ:STX) continues to benefit from robust HAMR leadership/ramp, and added that large language models, such as GPT-5, continue to fuel AI server demand. Seagate Technology Holdings plc (NASDAQ:STX) highlighted that technology innovation and AI continue to fuel exponential data growth and drive demand for the hard drive storage industry. The company remains well-placed to capture this opportunity with its Mozaic portfolio powered by market-leading HAMR technology.

Seagate Technology Holdings plc (NASDAQ:STX) happens to be an AI-focused business by developing purpose-built hard drives such as SkyHawk AI.

Page 4 of 13