Data-storage stocks jump as Seagate's upbeat forecast fuels confidence in AI spending
- 2 hours ago
- 1 min read
REUTERS — If gains hold, the four storage technology companies are set to add about $42 billion in combined market value.
"AI is amplifying demand across existing applications such as video, where large cloud providers are integrating AI in the platforms to boost user engagement and revenue opportunities, driving new video creation and the need to store it," said Seagate CEO Dave Mosley on a post-earnings conference call.
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