Better AI Memory Stock: Seagate or Western Digital?
Both data storage specialists recently received price target boosts from analysts.
Better AI Memory Stock: Seagate or Western Digital?
Overview
One sometimes-overlooked aspect of the artificial intelligence (AI) trend is that nearly every aspect of the technology, from training to inference to physical AI, creates data that needs to be stored on hard disk drives.
Two major U.S. technology companies that supply those resources are Western Digital (NASDAQ: WDC) and Seagate Technology (NASDAQ: STX). Their shares are up by around 190% and 200%, respectively, year to date, and it appears their growth cycles are still ramping up. Analysts' average price target for Western Digital is around 9% higher than its current price, while Seagate's average price target is about 5% higher than it is trading today.
Details
Here are three reasons I like each stock.
Source
Originally published at www.fool.com.
