Meet the AI Infrastructure Stock That Has Tripled in 2026 (Hint: It Can Still Double)
The incredible demand for storage in AI data centers suggests that Seagate's terrific rally is sustainable.
Overview
Investments in artificial intelligence (AI) infrastructure aren't showing any signs of slowing down. Industry bellwether Nvidia recently noted that the top five hyperscalers are on track to spend $800 billion in capital expenditure this year, followed by a significant jump to $1.3 trillion in 2027.
Nvidia management pointed out that the massive $2 trillion revenue backlog that hyperscalers are sitting on will encourage them to accelerate the AI infrastructure build-out. This is great news for Seagate Technology (NASDAQ:STX) investors, who have seen their investment in the data storage specialist more than triple in 2026, as of this writing.
Details
Seagate stock has surged 208% so far this year. Investors can still buy this fast-growing company at an attractive valuation, and doing so could prove to be the smart move, given the potential upside it offers over the next three years.
Source
Originally published at www.fool.com.