Meet the AI Infrastructure Stock That Has Tripled in 2026 (Hint: It Can Still Double)

Seagate Technology (NASDAQ:STX) has experienced a remarkable surge in 2026, with its investment more than tripling. The company benefits from the growing demand for storage in AI data centers, which is expected to increase significantly over the next few years. Seagate's stock has surged 208% so far this year, and there is still potential for further growth.

The company's revenue and earnings per share have increased significantly this year, and analysts project even stronger growth in the coming years. Seagate's stock is currently trading at an attractive valuation, with a forward earnings multiple of 22, which is lower than the tech-laden Nasdaq-100 index's multiple of 24. If Seagate's earnings per share continue to grow at the same rate, its stock price could potentially double in the next few years.