We recently published a list of 11 best data storage actions to invest according to analysts. In this article, let’s take a look at Silicon Motion Technology Corp. (NASDAQ: SIMO) It is against other better data storage actions to invest according to analysts.
Data storage is defined as the organized preservation of digital information, which is vital for computer science and current companies. He assures that the data, which include text, images and videos, are still accessible and secure for future use. These are storage systems ranging from direct storage to cloud solutions. Each of these offers different levels of scalability and accessibility. Fortune Business Insights reported that the Global Data Storage Market was evaluated at $ 218.33 billion by 2024. It is expected to reach $ 774.00 million by 2032 to 17.2% CAGR. This growth is expected to be driven by the increasing need for data storage solutions due to increased large data.
The data storage industry is undergoing a transformation mainly driven by the explosive growth of AI workloads. As global data volume increases to a maximum of 181 Zettabytes by 2025, the AI requires high levels of capacity and storage performance, according to Avnet Integrated Solutions. AI applications generate and process mass data sets. The average size of AI formation data sets has experienced exponential growth with immense storage requirements. This is based on the content generated by AI and real -time analytics, both demanding access and processing of rapid data.
This increase in data requires high -performance storage solutions, which pushes the industry to the SSD domain. The speed and efficiency of the SSDs make them ideal for the demanding requirements of the AI. Key advances in SSD technology, such as 3D NAND and QLC NAND, drive a higher storage density and improved performance. Emerging standards such as EDSFF E3 and PCIE GEN 6 optimize SSDs for AI server applications and data center, with a focus on performance, efficiency and growing field of the edge. Although the SSD gain prominence for the active processing of the AI, HDDs are still relevant to profitable storage of large -scale filed data. Its cost per Gigabyte makes them appropriate for archiving data, security copies, data lakes and surveillance applications. Technological advances like Hamr and Mamr increase HDD capabilities.
SSD prices are expected to decrease as production and technology scales improve, while HDD prices face potential altiples due to the maturity of technology and increasing manufacturing costs. Increasing the AI is indisputably accelerating the transition to SSD -dominated storage solutions. Although HDDs retain their value for specific applications, the performance and efficiency of the SSDs make them the preferred choice to manage the immense AI data requirements. The data storage industry must adapt to this evolving landscape and prioritize high -performance storage solutions to support the increasing needs of AI applications.
We have cut the ETFS and Media Financial reports to collect a list of most important data storage stocks. Then we selected the 11 stocks with a potential for analysts, at least 15%, from March 28 and were also the most popular among elite coverage funds. Stocks are classified in ascending order of their potential in reverse. We have also added the feeling of the coverage fund for each action, from the quarter of 2024, which was obtained from the database Insider Monkey.
Why are we interested in the stocks that cover the funds? The reason is simple: our research has shown that we can overcome the market by imitating the best stock options for the best coverage funds. The strategy of our quarterly bulletin selects 14 stocks of small layers and large layers each quarter and has returned 373.4% since May 2014, surpassing its reference point at 218 percentage points (sEE More details here)).
According to analysts, Silicon Motion Technology Corp. (Simo) Is the best data storage stock to invest?
An engineer in a laboratory shelter that adjusts a circuit board with complex semiconductors.
Average potential upside down from March 28: 38.99%
Number of coverage fund holders: 39
Silicon Motion Technology Corp. (NASDAQ: Simo) Designs and markets Nand flash controller, which are essential components for solid state storage in various applications. Its products feed SSD on computers, data centers, mobile devices and industrial applications. This allows efficient and reliable data storage solutions for a global customer base.
The company’s main growth driver is its data storage segment specializing in NAND FLAIX controllers for SSD, EMMC and UFS. By 2024, his SSD controller business expanded 20%, which helped the company to capture more than 30% of the market. It has a leading position in high -performance PCIE SSD drivers and is developing new models for 2026, along with its strong presence in portable SSD controllers.
The company’s EMMC/UFS controller business experienced an increase in 70% income by 2024, which was promoted by expansions to data storage applications that are not smartphone. He has entered the Enterprise SSD market with its Mount Titan platform, which has achieved six clients and aims at 5% to 10% of total income for 2026-2027. It includes the development of PCIE 6 Nova generation drivers and 128TB high -density SSD specifically for the storage of data driven by AI.
Focus Capital Management is optimistic about Silicon Motion Technology Corp. (NASDAQ: SIMO) Due to its exceptional growth of 2024, expanding market share and successful entry into new growth markets such as IA and high -end PCs. Declared the following in the fourth quarter of 2024 Investor letter:
“Silicon Motion Technology Corporation (NASDAQ: Simo) Donclus and sells controllers who manage the Nand ubiquitous flash memory in modern computer science. Wherever there is Nand, there must be a controller, often one of the silicon movement. Simo is an ADR negotiation (American Depository received) at NASDAQ.
Generally, Simo occupies 8th place In our list of the best data storage actions to invest according to analysts. Although we recognize Simo’s growth potential, our conviction lies in the belief that AI actions have a great promise to obtain high returns and to make it shorter. If you are looking for a stock of Ia as promising than Simo but that sells less than five times, see our report on the Ia stock cheap.
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