Tag: $Seagate

Shares of Seagate Technology declined as the hard-drive maker’s strong quarterly earnings weren’t enough for investors.

Seagate Technology shares fell 11% on Friday, while Western Digital dropped 7%, after a report that Toshiba plans to significantly expand its hard disk drive production capacity to meet growing demand from AI data centers.

Seagate Technology stock advanced in premarket trading Wednesday after the data-storage company reported another blowout quarter thanks to surging artificial-intelligence demand.

Hard-drive maker Seagate Technology (STX) reported third-quarter sales and earnings results well in excess of Wall Street expectations.