In the video below, Motley Fool Stock Advisor analyst Jim Mueller takes a look at the investment thesis for Seagate Technology (NASDAQ:STX). Jim notes that Seagate and competitor Western Digital (NASDAQ:WDC) control 87% of the market share for hard disk drives. This control over the market provides significant pricing power that helps to minimize the erosion of prices resulting from Moore's Law of constantly decreasing pricing for computer components.

Additionally, Jim notes that the overall hard disk market is poised for growth. This growth is not necessarily occurring in the PC market, but rather in the expansion of cloud storage and enterprise IT demand. Jim notes that PCs are getting replaced by tablets and smartphones, but the backend of this mobile revolution is a significant demand for storage of everything from websites to content on popular social media sites such as Facebook (NASDAQ:FB).  

Based on the ability to maintain pricing and the growth in demand for data storage, Jim contends that Seagate warrants attention as an investment candidate despite the "death of the PC" news headlines.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.