Seagate, Western Digital Emerge as 2 AI Memory Momentum Picks on 84%-104% Earnings Growth
Updated
Updated · The Globe and Mail · Jun 18
Seagate, Western Digital Emerge as 2 AI Memory Momentum Picks on 84%-104% Earnings Growth
3 articles · Updated · The Globe and Mail · Jun 18
Summary
Seagate and Western Digital were singled out as top AI memory momentum candidates after a screen cut more than 7,743 stocks down to 18 names.
AI-driven data center expansion is boosting demand for large-scale, cost-efficient storage, supporting the pair’s price momentum and earnings outlook.
Seagate carries a Momentum Score of B, a 10.7% average four-quarter earnings surprise and projected current-year earnings growth of 84.3%.
Western Digital also has a Momentum Score of B, with an 11.6% average earnings surprise and expected current-year earnings growth of 103.9%.
The screen used Driehaus-style momentum filters including a Zacks Rank #1, positive 50-day moving-average and relative-strength trends, and solid EPS growth and surprise history.