Seagate surges 17% as AI boom powers record earnings

Seagate Technology delivered a quarter that exceeded expectations on nearly every meaningful metric, and Wall Street responded immediately. Shares of the data storage company surged approximately 17% in premarket trading on Wednesday after the company not only beat third-quarter estimates by a comfortable margin but also issued fourth-quarter guidance that left analyst forecasts well behind. […] The post Seagate surges 17% as AI boom powers record earnings appeared first on Rolling Out.

Seagate surges 17% as AI boom powers record earnings

Seagate Technology delivered a quarter that exceeded expectations on nearly every meaningful metric, and Wall Street responded immediately. Shares of the data storage company surged approximately 17% in premarket trading on Wednesday after the company not only beat third-quarter estimates by a comfortable margin but also issued fourth-quarter guidance that left analyst forecasts well behind. […]

The post Seagate surges 17% as AI boom powers record earnings appeared first on Rolling Out.