Western Digital & Seagate – The Underestimated AI Trade in the Storage Cycle: Morgan Stanley Sees "Structural Supercycle" in Hard Drives!
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The Underestimated AI Trade in the Storage Cycle The storage industry, long considered cyclical and unexciting, is currently experiencing a remarkable reevaluation by the capital markets. Western Digital and Seagate Technology are now seen as clear winners of the AI-driven data boom, according to Morgan Stanley. Analyst Erik Woodring confirmed his "Overweight" rating for both stocks, calling them his "most-favored Overweights." Notably : Price targets have been drastically raised – to 650 USD from 488 USD for Western Digital and to 1,035...
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