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Seagate Tests Breakout After Top Pick Designation By Morgan Stanley, Called 'Underappreciated' AI Stock

RYAN DEFFENBAUGH

2 min read

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Seagate stock surged Monday after Morgan Stanley designated it a "top pick," breaking above a consolidation pattern as investor confidence grew. The hard-disk drive manufacturer has seen a 67% year-to-date gain and a 595% rally over 12 months, driven by soaring demand for low-cost data center storage solutions. Analysts highlight Seagate as an "underappreciated" AI stock, benefiting from increased storage needs as AI workloads expand across industries. Rival Western Digital has also gained from the same trend, though Seagate’s performance outpaces broader market indices facing resistance levels. The rally reflects broader investor optimism in AI infrastructure, positioning legacy storage firms as critical enablers of next-gen computing.

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FEATURED: Are Psychedelic Stocks In For A Trippy Ride Under RFK Jr.?Seagate Technology (STX) stock jumped Monday morning, breaking out above a consolidation pattern entry. The hard-disk drive maker was named top pick by Morgan Stanley. Seagate stock has rocketed 67% higher this year and is ahead 595% compared with 12 months ago. Demand for low-cost storage options in data centers has sent shares of both Seagate and its rival Western… 11:08 AM ET Major indexes face a test at key resistance levels. 11:08 AM ET Major indexes face a test at key resistance levels. RFK Jr, a known advocate of drugs that could alter a person's perception of reality, is expected to push psychedelic drugs into the mainstream. (Gary Neill)Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20!Get market updates, educational videos, webinars, and stock analysis.Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content.Information in Investor’s Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. The information has been obtained from sources we believe to be reliable, but we make no guarantee as to its accuracy, timeliness, or suitability, including with respect to information that appears in closed captioning. Historical investment performances are no indication or guarantee of future success or performance. Authors/presenters may own the stocks they discuss. We make no representations or warranties regarding the advisability of investing in any particular securities or utilizing any specific investment strategies. Information is subject to change without notice. For information on use of our services, please see our Terms of Use.*Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by LSEG and Estimate data provided by FactSet.IBD, IBD Digital, IBD Live, IBD Weekly, Investor's Business Daily, Leaderboard, MarketDiem, MarketSurge and other marks are trademarks owned by Investor's Business Daily, LLC.©2026 Investor’s Business Daily, LLC.

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