Microsoft Cuts AI Sales Targets After Teams Miss Goals
MSFT stock slid over 2% after a report claimed sales teams missed growth goals for Azure Foundry, an AI platform. Microsoft refuted the claim, denying lowered quotas.
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Memory Chip Stocks Surge on Samsung Pricing Delay and Supply Tightness
Memory chip stocks rally in premarket trading as Samsung delays DDR5 pricing amid tripling spot prices, signaling tight supply and stronger margins ahead.
Seagate Rides AI Wave: Stock Jumps on Strong Revenue Forecast
Seagate Technology beats Q1 estimates and forecasts strong Q2 revenue as cloud providers increase spending on AI infrastructure. Stock rises 5.5% on optimistic outlook.
Western Digital and Seagate Get Major Price Target Hikes
Loop Capital and Wedbush significantly increase price targets on WDC and STX, citing strong HDD demand, supply constraints, and accelerating earnings growth.
AI Needs Storage: Why the Humble Hard Drive is the Tech Boom's Dark Horse
The AI revolution is driving massive demand for data storage, giving the hard drive industry, led by Western Digital and Seagate, an unexpected and powerful resurgence.