Seagate Technology's stock rose 2.5% in premarket trading ahead of its earnings report due Tuesday, with analysts expecting $5.10 EPS and $3.5 billion revenue, driven by strong AI-related demand for hard drives. Wedbush upgraded Seagate's price target to $1,000 from $825, citing expected pricing gains and a better product mix, despite recent monthly declines. The hard drive market remains robust due to cloud providers' data storage needs for AI, with new pricing contracts anticipated in late 2026. Western Digital also received a price target upgrade, reflecting optimism about the sector's growth prospects.
Eight crypto projects stand out in 2026 for their working products, measurable adoption, and utility-driven token models, marking a shift from hype to fundamentals. Leading the pack is Stacks, a Bitcoin layer enabling yield on idle BTC with $437 mill...
Stacks activated its PoX-5 hard fork on July 30, introducing Bitcoin Bonds that let users lock BTC on Bitcoin's network and earn BTC yield via Stacks. Existing STX stakers must restake under the new contract to keep earning rewards. The upgrade remov...
