Seagate shares hit record $941.41 on strong sales, Nvidia AI boost, and legal settlement news

Seagate Technology shares surged to a record high of $941.41, driven by a 44% sales increase to $3.11 billion in Q3 fiscal 2026, Nvidia's launch of the RTX Spark AI chip boosting storage demand, and a $175 million legal settlement with Huawei. Multiple analysts raised price targets, with Citigroup leading at $1,150. The company projects Q4 revenue around $3.45 billion and recently improved financial flexibility through debt restructuring. Despite strong momentum, some analysts caution the stock may be overvalued at current levels.