We recently published 10 Trending Stocks to Watch as Brad Gerstner Explains Tailwinds for AI Trade – ’10x Manhattan Project’. Seagate Technology Holdings PLC is one of the trending stocks to watch.
James Van Geelen, the founder and portfolio manager at Citrini Research, said in a recent podcast on Bloomberg that Seagate could be a potential beneficiary of the AI boom amid rising demand for storage. Here is what the analyst said before mentioning Seagate Technology Holdings PLC:
“People kind of forgot that video takes up a lot more storage than text does. And if we’re gonna start just like throwing out the slop on video, the part, basically one of the only areas of semiconductors that has gotten ignored has been storage. Not like, not like memory, like, like RAM and stuff, but like hard drives and solid state disks.”
Seagate Technology Holdings PLC is up 96% over the past year.
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This article is originally published at Insider Monkey.
