Seagate's Strong Forecast Boosts Storage Stocks Amid AI Demand
Storage stocks rose sharply following Seagate Technology's upbeat revenue and profit forecast, signaling sustained demand for data-storage equipment driven by AI spending. Seagate's shares surged 16% in extended trading, with other storage companies like Western Digital and Micron also seeing gains. The forecast highlights confidence in enterprise AI spending despite broader market concerns about AI adoption.
Topics: AI adoption AI spending Market reaction Seagate Storage stocks