SK Hynix shares rose 7% and Seagate climbed 5% on a strong buying wave across the memory and storage sector, even as the broader market declined. The Roundhill Memory ETF gained 5%, highlighting growing demand for high-bandwidth memory used in AI and large-scale data storage. SK Hynix benefits from rising DRAM and NAND prices tied to AI infrastructure, while Seagate sees robust cloud data center demand. This sector-wide rally reflects a repricing of memory technologies, though no new company-specific news was reported. Investors should watch if this momentum sustains amid upcoming data center spending updates.
Seagate Technology will report its fiscal Q1 earnings on October 27, following a 31.7% stock drop over the past month due to fears of oversupply in the AI storage market. Despite recent strong financial results, including record revenue and profit be...
Bank of America has raised its price target for Seagate Technology to $1,200 from $1,150, citing stronger-than-expected demand for hard disk drives (HDDs). The bank forecasts first-quarter fiscal 2027 revenue at the high end of Seagate's guidance, wi...
Micron Technology and Seagate Technology stocks have surged 221% and 155% respectively in 2026, driven by robust demand for memory chips and data center storage fueled by AI expansion. Micron’s strong revenue growth and multiyear supply agreements pr...
Shares of hard-drive makers Western Digital and Seagate Technology fell last week, but Morgan Stanley remains optimistic about their upcoming earnings reports. The firm expects both companies to deliver strong financial results and solid future guida...
