STX
NASDAQ · Technology
Seagate Technology Holdings
$812.76
-40.19 (-4.71%)
STX News30 articles
Micron Dips 1.2% as Storage Selloff Softens on Long-Term Contracts
Micron (MU) slipped 1.2% despite a storage selloff, as multi-year contracts cushion the blow. Citi trims price target to $1,150, maintaining Buy.
Micron Rebounds Sharply as AI Memory Demand Offsets Storage Sector Jitters
Micron (NASDAQ:MU) rebounded 8.4% from its session low after the company raised fiscal 2027 earnings forecasts, underscoring investor confidence in AI-driven memory demand.
Western Digital Tumbles 15% as Margin Outlook Tempers AI Storage Rally
Western Digital (WDC) dropped 15% in premarket trading as investors focused on slowing margin growth despite strong Q4 results and upbeat guidance.
AI Earnings Bar Too High as Nasdaq Futures Slide
Nasdaq futures fell 0.6% as AI stocks faced elevated earnings expectations. Western Digital, Sandisk, Datadog, and AppLovin dropped despite strong results.
Western Digital Tumbles 10% as Valuation Doubts Outweigh Strong Earnings
Western Digital shares dropped 10% in after-hours trading despite beating Q4 estimates, as valuation concerns and decelerating growth outweighed strong results.
Wall Street Slides as Oil Surge Compounds AI Sector Woes Ahead of Fed Decision
U.S. stocks fell as oil surged 7% on inventory draw, intensifying AI sector selloff ahead of Fed rate decision.
US Futures Mixed as Oil Surge, Fed Decision Loom; Tech Options Test $190B
US stock futures were mixed Tuesday as oil prices surged and markets awaited a Fed decision. Focus shifts to a $190 billion AI-driven options test in tech.
Seagate Targets 50% Margins, Shares Rebound on AI Storage Demand
Seagate shares rebounded 5.9% after projecting ~50% operating margins, with AI-driven data center revenue up 57% and strong Q4 results.
Seagate Soars on Q4 Beat, AI Strategy Targets 50% Operating Margin
Seagate shares jumped 6.5% after strong Q4 earnings and a bullish Q1 outlook, driven by AI demand and a target of 50% operating margin.
Broad Market Rally Drives Dow Up 537 Points; Tech Weakness Continues
The Dow jumped 537 points as a broad market rally lifted sectors beyond tech. Healthcare, consumer staples, and materials led gains while semiconductors fell sharply.
Western Digital Posts Weekly Gain Despite Friday Slide as Profit Outlook Brightens
Western Digital closed Friday at $519.80, down 6.9%, yet still gained 8.9% for the week as profit estimates climbed 20% to $3.30 per share.
SanDisk Stock Plunges 11% as Earnings Fuel Cycle Peak Concerns
SanDisk shares dropped 10.8% on Friday, the worst among major storage firms, as strong earnings raised fears of a cyclical peak. The stock still gained 6.0% for the week.
Sandisk Shares Climb 7.6% in Premarket, Recovering a Quarter of Recent Losses
Sandisk shares rose 7.6% to $1,496.33 in premarket trading, recovering 25% of last week's steep losses. The rebound was supported by broader chip sector gains.
Western Digital Plunges 11% as AI-Driven Rally in Storage Stocks Falters
Western Digital (WDC) sank 10.8% to $458.22, wiping out $19.2 billion in market cap, as the AI-storage trade cooled. The drop outpaced rivals Seagate and Micron.
Seagate Stock Slides 6.5% Ahead of Q4 Earnings Report
Seagate shares dropped 6.5% to $774.19 in early Nasdaq trading as the market looks ahead to its fiscal Q4 earnings release on July 28.
Sandisk's $22.6B Selloff Tests Revenue Conversion of $41.6B Order Backlog
Sandisk's market cap dropped $22.6B, 3.6 times its near-term revenue backlog, as shares slid 8.1% amid tech fatigue.
Western Digital Tumbles 5% as Wall Street Splits on AI Storage Cycle
Western Digital shares dropped 5% amid a chip selloff, as a $240 gap between Citi and UBS price targets highlights Wall Street's split on AI storage sustainability.
SK hynix $26.5B Nasdaq Debut Tests AI Memory Demand
SK hynix's $26.5 billion Nasdaq listing draws strong demand, but U.S. memory stocks slip premarket, signaling potential rotation within the AI sector.
Sandisk Surges $33.5B in Market Cap; August Events to Test Rally's Staying Power
Sandisk surged 12.4% on Thursday, gaining $33.5B in market cap. August earnings and Investor Day will test if AI-driven NAND demand can sustain the rally.
Sandisk Shares Tumble 8.5% as Memory Sector Concerns Mount
Sandisk shares slid 8.5% amid memory sector selloff after Samsung’s record Q2 guidance. Focus shifts to cash durability and NAND price trends.
Western Digital Rebounds in Premarket Amid Divergent Analyst Views
Western Digital shares climbed 4.26% in premarket trading after a 9.92% drop, as analysts issued new bullish targets amid a wide range of views on AI storage demand.
Micron's $138B Drop Highlights Nasdaq-100 Concentration Risk
Micron's 10.57% drop erased $138 billion in market cap, spotlighting its dominant 26% share of the Nasdaq-100's first-half return. Memory prices held steady, but the selloff reflects profit-taking and evolving supply deals.
Micron Plunges 9.8% Despite GM Deal; Memory Stocks Under Pressure
Micron shares dropped 9.8% despite a long-term supply agreement with GM, wiping out about $130 billion in market value. The selloff hit memory and storage stocks broadly.
Micron's Data Center Earnings Surge to $20.3 Billion Amid Korean Supply Threat
Micron's data center units generated $20.3B in operating income, 2.2 times last year's quarterly revenue, as Korean rivals announce massive expansion plans.
Western Digital Stock Tumbles 13% Despite Bullish Earnings, Remains Above Analyst Targets
Western Digital (WDC) shares plunged 12.7% to $589.54, yet remain above the $560.45 average analyst target, as memory stocks decline despite recent bullish earnings and guidance.
Memory Chip Rally vs. AI Megacap Slide: Market Shifts Focus to Pricing Power
Memory suppliers surged $239B in market cap on Micron's $22B customer commitments, while five AI megacaps lost $417B, shifting focus from AI demand to pricing power.
Micron and Qualcomm Surge After Hours, Sparking $400 Billion Chip Rally
Micron (MU) soared 16% after hours on $100 billion in customer commitments; Qualcomm (QCOM) jumped 13% on a $15 billion data-center target, fueling a $400 billion chip rally.
Western Digital Slips on Profit-Taking as Micron Earnings Loom
Western Digital shares dropped 4% on profit-taking after an AI-storage rally. Investors focus on Micron earnings for enterprise spending signals, while analysts see HDD supply deficit lasting through 2027.
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.