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.
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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.