Data storage firms Western Digital, Seagate soar on AI-driven demand spike
Update: 2025-10-31
Description
Data Storage Companies Soar as AI Demand Skyrockets: Western Digital and Seagate shares surge over 100% this year, driven by AI's massive data storage needs. Sandisk, a smaller player, also sees significant gains. Tech giants like Alphabet, Microsoft, Meta, and Amazon increase AI infrastructure spending, with Goldman Sachs estimating a potential $3-4 trillion market by 2030. The AI boom has transformed the storage landscape, making it a hot investment sector.
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