STX
NASDAQ · Technology
Seagate Technology Holdings
$961.50
-77.09 (-7.42%)
STX News30 articles
Seagate Stock Nears 52-Week High on AI Storage Demand Surge
Seagate shares rose nearly 15% in a week to $1,070.23, close to a 52-week high, fueled by AI storage demand and hard disk drive shortages. Analysts raised targets, but the stock now trades above consensus estimates, increasing downside risk.
WDC Hits Record on AI Data Demand, HDD Shortage Fuels Rally
Western Digital closed at a record $746.23, up 32.6% for the week, as AI-driven HDD shortages boost investor optimism. Analysts see upside but caution on supply risks.
Sandisk Surges to Record High on AI Data Center Demand; Micron Earnings in Focus
Sandisk shares soared to a record $2,184.75, driven by robust AI infrastructure spending. The rally faces a test with Micron's upcoming earnings report.
G7 Leaders Debate AI Model Access Amid OpenAI's $1T IPO Plan and Rising China Competition
G7 leaders debate AI model access as OpenAI files for a $1T IPO. Anthropic restricts models, China boosts local AI, and cybersecurity deals surge.
Dow Jones Hits New Peak; Tech Dips as Fed Meeting Looms
The Dow Jones Industrial Average hit a new record high, while the S&P 500 and Nasdaq slipped as technology stocks lost steam ahead of the Federal Reserve's pivotal policy decision.
Tech Rally Powers QQQ Surge as US-Iran Deal Eases Oil, Inflation Worries
QQQ gained 3.1% as US-Iran deal lowered oil prices, easing inflation and rate-hike fears. Micron and Nvidia led a tech rally, with TQQQ surging 9.2%.
Sandisk Plunges 11% as Chip Sector Suffers $1.3 Trillion Selloff
Sandisk fell 11.4% as the PHLX Semiconductor Index dropped 10.3%, its worst day since March 2020, erasing $1.3 trillion from U.S. chipmakers amid AI storage demand concerns.
SanDisk Surges as Wall Street Lifts Target to $3,250 on AI-Driven NAND Demand
Susquehanna boosted its SanDisk price target to $3,250, reflecting surging AI-driven demand for NAND memory. The company reported Q3 revenue of $5.95B, up 251%, and signed $42B in minimum revenue contracts.
SanDisk Surges on AI Demand, Price Target Hiked to $3,250
SanDisk shares jumped after Susquehanna raised its price target to $3,250, driven by AI demand and long-term contracts. Q3 revenue rose 97%.
Dow Rises as Nasdaq Pulls Back; Oil Slide Boosts Airlines
U.S. stocks traded mixed Wednesday as the Dow gained and the Nasdaq dipped from record highs. Oil prices fell sharply, boosting travel stocks but weighing on energy shares.
Western Digital Soars to Record on HDD Demand for AI Data Centers
Western Digital shares surged 10% to a record $532.74 after Evercore ISI boosted its price target to $575, highlighting the critical role of HDDs in AI infrastructure.
SanDisk's AI Surge Faces Scrutiny as Investors Eye Sustainability
SanDisk shares fell 4.1% premarket as investors assess the sustainability of its AI-driven rally, despite a 97% Q3 revenue jump and $41.6B in performance obligations.
Micron Stock Slips as DRAM Production Milestone Highlights AI Demand
Micron shares dipped 1.46% to $751.00 Friday after the company began 1-alpha DRAM production in Virginia, a move to boost U.S. semiconductor supply amid volatile memory-chip trade.
Seagate Stock Slips on Supply Constraints Amid AI Storage Surge
Seagate shares dropped again Tuesday after CEO Dave Mosley said new factories take too long to meet AI demand, focusing on tech upgrades instead.
Nasdaq Futures Recover on Tech Buying Despite Hot CPI Data
Nasdaq 100 futures rebounded 0.82% premarket as chip stocks rallied on China visit hopes, but April CPI rose 0.6% month-over-month, keeping the Fed's tightening bias intact.
Sandisk Shares Rally 16.5% as AI Flash Storage Demand Skyrockets
Sandisk shares jumped 16.5% to $1,562.34, lifting market cap to $245 billion, as AI-driven flash storage demand boosted Q3 revenue 97% sequentially to $5.95 billion.
Seagate Stock Surges on AI Storage Demand, but Valuation Raises Concerns
Seagate stock soared to record highs near $782.64 on AI-driven storage demand, but a high P/E ratio of 74 raises valuation concerns.
Western Digital Rises on AI Storage Demand and Sandisk Divestiture Progress
Western Digital shares gained 3.5% as the company continues its Sandisk exit and reports strong AI-driven HDD demand. Q3 revenue hit $3.34B, up 45% YoY, with Q4 guidance above expectations.
Seagate CFO Sells $19M in Stock as AI Storage Rally Nears Peak
Seagate CFO Gianluca Romano sold about $18.9 million in shares on May 6-7 under a pre-arranged plan, as the stock closed near record highs on AI storage demand.
Memory ETF DRAM Hits $5B Inflows as AI Chip Demand Surges
Roundhill Investments' Memory ETF (DRAM) has drawn over $5 billion since its April 2 launch, with $1.1 billion in inflows on Thursday alone, as investors bet on memory chip makers critical to AI supply chains.
SanDisk Surges on AI Storage Demand, but Earnings Call Hints at Slowing Price Gains
SanDisk shares rose 9.3% to $1,372.33 after a stellar Q3, but the earnings call hinted that rapid price increases may be cooling.
Data Storage Stocks Emerge as Unexpected AI Beneficiaries
Data storage stocks like Seagate, Sandisk, and Western Digital rally on AI data demand, with Sandisk reporting 251% revenue growth and a $42 billion supply deal.
Nasdaq-100 ETF Up 1.1% as Seagate Surges; Intel and Viavi Also Rally
The Nasdaq-100 ETF QQQ advanced 1.1% on May 1, driven by a 5.9% jump in Seagate Technology (STX) and strong gains in Apple, Microsoft, and Intel. Viavi Solutions surged 14% on earnings.
Wall Street Rally Halts as Fed Split and Oil Surge Test Big Tech's AI Spend
The Dow dropped 0.56% as the Fed left rates unchanged in a split vote and oil surged 7%. Focus turns to Big Tech earnings, with AI spending under the microscope.
Western Digital Shares Climb on Seagate's Strong AI Storage Outlook
Western Digital (WDC) shares surged 9.3% after Seagate's (STX) strong quarterly outlook boosted the storage sector, highlighting AI-driven demand for HDDs.
Seagate Soars on AI Storage Demand, Lifting Sector
Seagate forecast Q4 revenue of $3.45B and EPS of $5.00, beating estimates. Shares jumped 18% premarket, lifting sector peers.
Earnings Optimism Boosts Futures Ahead of Fed Decision
U.S. stock futures edged up Wednesday as strong earnings from Seagate, Coca-Cola, and Bloom Energy offset geopolitical worries and AI spending concerns ahead of the Fed decision.
Nasdaq Slides on AI Jitters; Visa, Starbucks Rally in After-Hours Trading
U.S. stocks fell Tuesday, with the Nasdaq down 0.9% as AI and chip shares sold off. In after-hours trading, Visa and Starbucks rallied on strong earnings, while oil prices climbed above $100.
Seagate Surges on AI-Driven Storage Demand, Beats Q3 Estimates
Seagate shares jumped about 10% after hours on strong AI storage demand, with fiscal Q3 revenue of $3.11B and Q4 guidance of $3.45B, both above analyst expectations.
Tech Stocks Drive Market Gains Amid Ceasefire Relief and Earnings Strength
U.S. stocks climbed Wednesday, with the Nasdaq leading gains as technology shares rallied following an extended Iran ceasefire and a wave of corporate earnings. Oil prices remained elevated near $100 a barrel.