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EN590 Commodities GroupMarket Analysis 2026-07-11T20:24:29+00:00
Seagate Technology Holdings plc (NASDAQ:STX) is one of thebest performing AI stocks over the last 3 years, with a 3Y CAGR of 151%. On July 1, Bank of America analyst Wamsi Mohan reiterated a Buy rating and raised his price target to $1,150 from $1,000. Mohan's thesis pointed to improving fundamentals, sustained cloud demand and greater discipline in adding hard-drive capacity. He also highlighted build-to-order contracts that support measured price increases, along with the transition to higher-capacity heat-assisted magnetic recording drives. Those factors could improve revenue visibility, margins, and free cash flow if customer demand remains firm. The AI link is primarily storage economics: training and inference create large datasets that cloud operators must retain at scale, where hig
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.