Seagate Stock News

Memory and data storage stocks led the tech sector higher Monday amid optimism about growing AI-driven demand.

The market is starting to show signs of exhaustion this week, just as seasonal weakness begins to weigh on sentiment. Coming into Friday, the popular SPDR S&P 500 ETF Trust NYSEARCA: SPY, a broad market benchmark, was down 1.4%.

All sectors in the Russell 1000 Value were in the positive save for Consumer Staples. Portfolio stock selection was a positive (+240 bps) in the quarter led by Intel (INTC), Seagate Technology (STX), and Tapestry (TPR). Fiserv (FI), Intercontinental Exchange (ICE), and IBM (IBM) were the weakest performers in the quarter.

Retail investors have been loading up on shares of Robinhood this year, which has been expanding its prediction markets business. An increase in demand for data storage has sent shares of both Western Digital and Seagate Technology skyrocketing.

Shares of a data storage provider pushed higher after the company announced a deal to exchange debt for cash and shares. Meanwhile, an artificial intelligence (AI) server maker came under pressure after posting lackluster earnings results.

Shares of data storage leader Seagate Technology NASDAQ: STX surged over 12% in the first week of November, pushing the stock to a new 52-week high and extending a remarkable year-to-date run of over 213%. The immediate catalyst for the jump was a newly announced strategic debt exchange, a move investors are interpreting as a clear sign of financial strength and prudent management.

Tech stocks rebounded from Tuesday's losses to help boost the major U.S. equities indexes Wednesday afternoon. The Dow, S&P 500, and Nasdaq all advanced.

SINGAPORE--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX) (“Seagate” or “us”) and Seagate HDD Cayman, a subsidiary of Seagate (“Seagate HDD”), today announced that on November 4, 2025, they entered into separate, privately negotiated exchange agreements with a limited number of holders of Seagate HDD's 3.50% Exchangeable Senior Notes due 2028 (the “notes”) to exchange (collectiv...