Seagate Technology has seen a remarkable five-year stock gain of over 980%, driven by strong demand for its HAMR hard drive technology used by cloud giants to store AI data. Despite a recent price dip, the company reported 34% revenue growth in FY2026 and expects continued expansion with a 20% minimum annual growth target. Analysts project a 13.6% stock price increase to $946.08 over the next year, supported by nearline capacity nearly fully allocated through 2027. Risks include heavy reliance on hyperscalers and potential dilution from debt, but overall, Seagate's structural growth in AI data storage positions it well for the future.
Shield Therapeutics PLC saw its shares rise 11% after reporting a significant reduction in half-year losses and reaffirming its goal to achieve operating profitability in 2026. The company's revenue increased 42% to $30.4 million, driven by US sales ...
Memory and storage stocks including Micron, SanDisk, and Western Digital dropped 5-7% due to rising U.S. Treasury yields increasing the cost of capital and discount rates on future earnings. This selloff is a valuation reset after a strong 2026 rally...
Jim Cramer highlighted the booming memory and storage sector, specifically predicting Micron Technology's stock could double again, provided there is no slowdown in AI data center demand. He argues this cycle is different due to strong long-term cust...
Jim Cramer highlighted that the AI boom has transformed the memory chip industry, supporting strong profits amid soaring demand and disciplined supply. Despite huge rallies this year—Sandisk up 653%, Seagate 261%, Micron 254%, Western Digital 211%—Cr...
Shares of memory and storage chipmakers rose sharply after reports that the US government is urging domestic tech firms to avoid purchasing conventional memory chips from Chinese suppliers. Micron Technology, Sandisk, Western Digital, and Seagate all...
