Seagate Technology's stock dropped 27% in the last month despite posting record earnings and beating revenue and EPS expectations. The decline is mainly due to investor concerns about the sustainability of AI infrastructure spending. However, Wall Street analysts remain bullish, with an average price target implying over 60% upside and some predicting gains as high as 140%, driven by strong demand for AI-driven storage and new technology like HAMR. The company expects continued revenue growth and strong operating margins, but risks remain if AI budgets shrink or competition intensifies.
Seagate Technology's current price of USD 656.56 on Pluang is significantly below its 52-week high of $1.09K but well above the 52-week low of $223.00 as of Oct 28, 2026 18:12 WIB. Despite a 1-day decline of 1.69%, the stock sees strong buying interest with 91% of orders on Pluang being buys. This contrasts with the recent 27% drop over the last month mentioned in the article, highlighting ongoing volatility in the stock's trading.
SK Hynix surged 7% after reporting a record quarter driven by strong AI memory demand and warning that shortages could last through 2030. Micron also rose 3% on similar market dynamics. In contrast, Seagate fell 2% despite beating revenue and earning...
Seagate reported record free cash flow and locked in supply contracts through 2030, reflecting strong demand for its hard drives driven by AI and cloud storage growth. Despite revenue rising 61% year-over-year to $4.23 billion and improving margins, ...
Seagate's stock fell 30% in a month even as its revenue jumped 48.5% to $3.63 billion, beating estimates and locking in demand through 2028. The company’s CEO highlighted that 90% of shipments now serve data centers, with new HAMR technology driving ...
AI-related stocks have surged unevenly across four key sectors: semiconductor memory, HDD storage, semiconductor equipment, and AI computing platforms. Micron and SK hynix lead with strong memory demand but face concerns over peak profits. HDD makers...
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...
