Shares of Seagate Technology STX fell about 2% in premarket trading on Wednesday despite the data-storage company reporting stronger-than-expected fiscal first-quarter earnings and issuing an upbeat outlook. Investors likely weighed slowing shipment growth against the longer-term demand outlook for artificial intelligence infrastructure.
Now that investors have been able to dive further into Anthropic's IPO filing, they're seeing the same sorts of trends that helped buoy AI stocks for much of this year.
SINGAPORE--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX) (the “Company” or “Seagate”), a leading innovator of mass-capacity data storage, today reported financial results for its fiscal first quarter ended October 2, 2026. “Seagate delivered another quarter of record profitability and our highest ever free cash flow in the September quarter, demonstrating the earnings power of ...
Seagate Technology shares STX rose more than 4% on Tuesday as investors awaited the hard-drive maker's fiscal first-quarter 2027 earnings report, looking for updates on data-centre storage demand, pricing and its outlook for the coming quarters. Seagate is scheduled to release its results after Tuesday's market close.
Stock futures are pointing higher after a strong start to the week; Celestica is leading the AI trade higher after better-than-expected results; Nvidia agreed to invest $3 billion in Meta; JetBlue shares are rebounding from a record low after the airline released its results a day early; and Visa is set to report earnings after the closing bell, along with Seagate Technology. Here's what you ne...
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