Western Digital and Seagate were once sleepy cyclical stocks. But storage technology is now at the heart of the AI boom, and analysts see no signs of a slowdown ahead.
Seagate Technology's increasing gross margins and free cash flow are attractive to momentum growth investors. Seagate has switched strategies from being a major producer of consumer storage to becoming a major producer of mass storage devices for data centers. The company's data center storage products are popular with hyperscalers focused on cloud and AI infrastructure.
Reports of elevated loan losses from regional banks weighed on the sector, while expectations of AI-driven growth helped lift shares of companies in the data storage and memory chip businesses.
Growing demand for artificial intelligence and persistent shortages of memory and data storage solutions could mean bigger gains for providers of the hardware, according to Wall Street AI bulls.
SINGAPORE--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX), a leading innovator of mass-capacity data storage, will report fiscal first quarter 2026 financial results after the US market closes on Tuesday, October 28, 2025. The investment community conference call to discuss these results will take place that day at 2:00 PM PT / 5:00 PM ET. The live audio webcast can be accessed ...
Seagate (NASDAQ: STX), a worldwide frontrunner in data storage solutions, has experienced a stock increase of over 160% since the year's start. What is causing this increase?
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