Seagate Raises Annual Revenue Growth Target Amid AI Demand Surge
Seagate Technology (STX) shares rose 17% premarket following strong Q3 results and an updated annual revenue growth target, driven by increased demand in the cloud and AI sectors. The company attributed the growth to heightened data storage needs fueled by the AI boom.
Tickers: $STX
Topics: AI demand cloud demand earnings report Seagate Technology stock price movement