Seagate is riding the AI storage boom as cloud demand, HAMR adoption and strong cash flow fuel growth despite valuation concerns.
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Seagate is riding the AI storage boom as cloud demand, HAMR adoption and strong cash flow fuel growth despite valuation concerns.
A number of stocks jumped in the afternoon session after worries about a global chip shortage reached parabolic territory driven by AI optimism and strong investor momentum.
Western Digital rides the AI storage boom with surging earnings, rising hyperscaler demand and aggressive shareholder returns after its Sandisk split.
SNDK notches a 52-week high on a 552% YTD run as AI-driven NAND demand and surging data center revenue power an upbeat Q4 guidance.
The S&P 500 Index ($SPX ) (SPY ) today is down -0.74%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.45%. June E-mini S&P futures (ESM26 ) are down -0.74%, and June E-mini Nasdaq futures...
Yahoo Finance's Julie Hyman and Myles Udland take a closer look at the recent market highs and discuss whether stocks can continue the momentum.
After hitting its all-time high of $727.20 on May 1, 2026, Seagate Technology Holdings plc (NASDAQ:STX) ranks among the 7 tech stocks that just hit new all-time highs. The stock has gained 184.19% so far in 2026 as of May 8, 2026. That surge came as the company underwent a gradual multi-quarter earnings inflection. At […]
The S&P 500 Index ($SPX ) (SPY ) today is up +0.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.06%. June E-mini S&P futures (ESM26 ) are up +0.19%, and June E-mini Nasdaq futures...
U.S. stocks (^DJI, ^GSPC, ^IXIC) have rallied over the past three weeks, fueled by strong earnings and optimism around a potential resolution to the U.S.-Iran conflict. Yahoo Finance’s Julie Hyman and Head of News Myles Udland break down the stealth rally and spotlight some of the top names leading the tech-driven surge, including Intel (INTC), Sandisk (SNDK), Micron (MU), Seagate (STX), and Arm (ARM).
MU, CIEN, STX, FIVE and MUSA are large-cap growth stocks riding on AI demand, strong earnings growth and market momentum into May.
The CBOE Volatility Index (^VIX) is drifting back toward the 17 line as optimism returns to the S&P 500 and capital rotates into stocks. The VIX closed near 18 on Monday after dipping to almost 17 late last week, well below the peak above 31 recorded in late March. In a display of a shifting ... CBOE VIX Slides Toward 17 as Oil Retreat and Tech Stock Surge Restore Risk Appetite
Does Seagate (STX) have what it takes to be a top stock pick for momentum investors? Let's find out.
Entering a new era of steady AI-driven growth, Seagate's current rally is only the beginning.
Seagate (STX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
STX, FORM and SIMO made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 4, 2026.
Shares of data storage manufacturer Seagate (NASDAQ:STX) jumped 5.3% in the morning session after the stock's positive momentum continued as the company reported strong third-quarter financial results and provided an upbeat forecast, driven by surging demand for its AI data storage solutions.
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.