Mizuho has raised price targets for key storage companies, including SanDisk, Seagate Technology, and Western Digital, due to increasing demand driven by advancements in AI technology and limited supply. This follows a remarkable 500% rise in Seagate's stock since early 2025, reflecting its dominance in the nearline hard disk drive market, crucial for AI infrastructure. While Seagate continues to project strong revenue growth, competitors like Western Digital are facing challenges amid stock declines, prompting a focus on their upcoming earnings reports.
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