Seagate Stock Surges as AI Storage Demand Gives Wall Street a Fresh Signal
Seagate forecast fourth-quarter revenue of $3.45 billion and adjusted earnings of $5.00 per share, both above Wall Street estimates. Shares jumped nearly 18% in premarket trading, lifting Western Digital, SanDisk, and Micron. Third-quarter revenue rose to $3.11 billion from $2.16 billion a year earlier, with data-center exabyte shipments up 47%.