Morgan Stanley Names Seagate (STX) Core 2026 Selection as Cloud Capex Spending Gains Momentum
Morgan Stanley has named Seagate (STX) as a core 2026 selection, citing the company's strong position in the cloud capex spending market. This move is driven by the growing demand for cloud infrastructure, which is expected to continue in the coming years.
The cloud capex spending market is expected to see significant growth, driven by the increasing adoption of cloud computing and the need for companies to upgrade their infrastructure to meet the demands of their customers. Seagate is well-positioned to benefit from this trend, with its strong portfolio of cloud storage solutions and its ability to deliver high-performance and scalable storage solutions.
Morgan Stanley's decision to name Seagate as a core 2026 selection is a testament to the company's leadership in the cloud capex spending market. The company's strong financials, combined with its innovative products and solutions, make it an attractive investment opportunity for investors.
Seagate's stock has been performing well in recent months, with a 12-month return of 23%. The company's revenue has also been growing steadily, with a 10% increase in the last quarter. This growth is expected to continue in the coming years, driven by the increasing demand for cloud infrastructure.
The cloud capex spending market is expected to see significant growth in the coming years, driven by the increasing adoption of cloud computing and the need for companies to upgrade their infrastructure to meet the demands of their customers. Seagate is well-positioned to benefit from this trend, with its strong portfolio of cloud storage solutions and its ability to deliver high-performance and scalable storage solutions.
Morgan Stanley's decision to name Seagate as a core 2026 selection is a testament to the company's leadership in the cloud capex spending market. The company's strong financials, combined with its innovative products and solutions, make it an attractive investment opportunity for investors.
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[2] Morgan Stanley Names Seagate (STX) Core 2026 Selection as Cloud Capex Spending Gains Momentum