10 Best Computer Hardware Stocks to Buy According to Billionaires

4. Seagate Technology Holdings Plc (NASDAQ:STX)

Number of Billionaire Investors: 14

Billionaire Holdings: $676 Million

Number of Hedge Fund Holders: 52

Seagate Technology Holdings Plc (NASDAQ:STX) is a prominent provider of data storage solutions, specializing in the design, manufacturing, and distribution of hard disk drives (HDDs) and solid-state drives (SSDs). Their products serve a wide array of applications, ranging from personal storage and computing to enterprise data centers and cloud storage infrastructures.

In its Q2 2025 earnings call, Seagate Technology Holdings (NASDAQ:STX) emphasized the increasing importance of HDDs for mass data storage, fueled by a projected 170x surge in GenAI-generated imagery and video from 2024 to 2028. Management expects data centers to continue integrating HDDs and NAND flash for diverse workloads. Strong cloud demand drove a 50% YoY revenue increase, with EPS rising to $2.00 from $0.12.

On March 12, Bank of America reaffirmed a Buy rating but lowered the price target from $130 to $112, citing tax-related adjustments while maintaining a positive long-term outlook on Seagate Technology Holdings (NASDAQ:STX)’s growth potential. Around the same time, Amit Daryanani from Evercore ISI also reiterated a Buy rating on the stock with a price target of $120.