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Investing.com7d agobullish
Seagate tops quarterly estimates and issues blockbuster first-quarter guidance

Investing.com -- Seagate Technology PLC (NASDAQ:STX) shares surged 7.4% in after-hours trading Tuesday after the data storage giant posted fourth-quarter earnings and sales that comfortably topped Wall Street estimates and delivered an upbeat outlook for the upcoming fiscal year. The company posted adjusted fourth-quarter earnings of $5.71 per share on revenue of $3.6 billion, representing a 49% year-over-year top-line expansion from $2.4 billion in the prior-year period. Wall Street analysts ha

Nvidia Earnings Can Affirm Chip Stock Rally or Spur Market Chaos
Bloomberg77d agobullish
Nvidia Earnings Can Affirm Chip Stock Rally or Spur Market Chaos

(Bloomberg) -- For much of the year, chip stocks have been powering the market higher. Now, Nvidia Corp.’s earnings have a chance to confirm that the rally has more room to run — or add another brick to investors’ wall of worry.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersNATO Is Starting to Consider Hormuz Mission to Protect ShipsHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensBilliona

Red-Hot AI Stock Western Digital Slides Despite Earnings Beat. Here's Why.
Investor's Business Daily96d agobullish
Red-Hot AI Stock Western Digital Slides Despite Earnings Beat. Here's Why.

Western Digital stock fell Friday after the data storage company that recently rebranded as WD reported fiscal third-quarter results. The San Jose, Calif.-based WD said that it earned an adjusted $2.72 per share for the April 3-ended quarter, up 97% from a year earlier. WD and its rival Seagate dominate the market for hard-disk drives.