$Seagate Tech(STX.US)
Context: Everyone is chasing AI chips, but where does all that training data actually live?
Seagate had a huge run and is finally taking a breather around $848. HDDs are still much cheaper than SSDs for massive storage, and big cloud companies will keep needing them as AI demand grows. That cost advantage is the key catalyst for me.
My trade: I am in this for the long haul, so I do not use a stop loss. I am holding my shares and letting the long term storage trend play out.
Takeaway: HDDs are still the cheapest way to store AI data. Is this a solid dip to buy, or are margins close to peaking?
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