Reported 1 day ago
The stock market is seeing a surprising shift as traditional tech companies, like Seagate and Western Digital, experience significant gains by capitalizing on the growing demand for AI computing infrastructure. Seagate has soared 156% this year, while Micron and Western Digital have also made impressive gains, highlighting how even older technologies are benefitting from the AI hype. Analysts express concerns over a potential market bubble, noting these stocks' rapid rise compared to historical norms, indicating it might be time for investors to consider taking profits.
Source: YAHOO