Seagate Technology Raises Outlook Due to Increased AI-Driven Storage Demand
Seagate Technology (STX) has raised its fourth-quarter revenue and profit forecasts, citing strong demand for data-storage hardware driven by AI adoption. The company's shares rose 10% in extended trading, reflecting optimism in the storage market. Seagate's YTD gains have reached 107.2% as of April 27, 2026.
Tickers: $STX
Topics: AI demand earnings forecast Seagate Technology stock performance storage industry