A major Wall Street endorsement from multiple analysts recently sent shares of Seagate Technology (NASDAQ: STX) up over 7% in a single session, pushing the stock to a new 52-week high. While any double-digit price target increase is notable, the market’s decisive reaction points to a much bigger story.
Investors are looking past the analyst data point and seeing a broader signal: the companies providing the foundational infrastructure for artificial intelligence (AI) are being fundamentally revalued.
