Why Seagate Stock Crushed It With a 17% Gain This Week

We can confidently say that few investors consider the digital storage market to be overly dynamic. Yet several companies in the sector sure have leaped in price recently. Industry veteran Seagate Technology (NASDAQ: STX) was one of those; according to data compiled by S&P Global Market Intelligence, its shares zoomed 16% higher over the course of the trading week.One element in the unstoppable rise in demand for artificial intelligence (AI) functionalities is the recent prominence of inferencing -- the use of AI to solve real-world problems. This requires significant storage resources, such as the solutions Seagate is currently selling and developing. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool