Seagate Technology Holdings plc (NASDAQ:STX) reached an all-time high on Tuesday following positive remarks from Nvidia Corp. President and CEO Jensen Huang regarding the growth potential in the memory and storage markets, driven by the AI sector. The stock hit $332 before closing at $330.42, up 14 percent. Huang stated that the storage sector is a lucrative market with significant growth potential. AI-related storage needs are currently surpassing infrastructure capabilities. Following Huang’s comments, STX rallied alongside Western Digital Corp., Sandisk Corp., and Micron Technology Inc. Seagate’s CEO, William Mosley, sold $5.7 million worth of shares last Friday. STX is seen as a solid investment, but some AI stocks may offer greater returns with less downside risk. For more information on AI stocks, visit the Insider Monkey website.

Read more at Yahoo Finance: Seagate (STX) Touches All-Time High as Jensen Huang Bullish for Storage Market