This AI Stock Rocketed 700% — Billionaire Lewis Sanders Is Cashing In (And It's Not Nvidia)
The AI trade isn't just about chips — and one billionaire's latest move is a reminder of where the real money has quietly been made.
Seagate Technology Holdings PLC (NASDAQ:STX) stock has surged more than 700% from its April 2025 lows, turning a once-overlooked hardware name into one of the market's most explosive AI plays.
Now, one of its biggest institutional backers is dialing exposure back.
• Seagate Technology stock is approaching key resistance levels. What’s driving STX to record levels?
SEC Filing Shows Stake Reduction
According to a recent SEC filing dated April 16, billionaire hedge fund manager Lewis Sanders — via Sanders Capital — held 17,180,892 shares of Seagate ...
Source: Benzinga