Seagate Technology (STX) surged +14.00% to close at $330.42 following Nvidia CEO Jensen Huang's CES 2026 remarks highlighting massive, unmet AI storage demand, prompting Morgan Stanley to raise its price target to $337 and reaffirm Overweight.
- Jensen Huang described storage as a 'completely unserved market' poised to become the world's largest for AI working memory.
- The positive sentiment, supported by robust HDD demand for AI and cloud computing, also boosted peers, including Sandisk, which saw a surge of 27.57%.