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Stock impact report

Data Is a 'Strategic Asset' Now—and Memory Stocks Just Can't Stop Flying [Yahoo! Finance]

Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX) 
Last seagate technology holdings plc - ordinary shares (ireland) earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: seagate.com/investors/overview
Company Research Source: Yahoo! Finance
Seagate's rosy revenue outlook for its next quarter is buoying other pick-and-shovel AI plays, extending their recent rally. More insight into what's next for AI demand is expected later today, when four tech giants are set to report their latest results. The AI crowd is getting fired up, and the headliners haven't even hit the stage yet. Investors on Wednesday sent pick-and-shovel AI plays soaring hours before the Big Tech Earningspalooza —with results from Alphabet ( GOOGL ), Amazon ( AMZN ), Meta ( META ) and Microsoft ( MSFT )—is set to start. Shares of hard drive maker Seagate Technology (STX ) surged after the company raised its outlook on AI-driven demand for its June-end quarter, lifting other companies in the category including Sandisk ( SDK ) and Western Digital ( WDC ). All three stocks extended their rallies, landing among the day's top S&P 500 gainers. WHY THIS MATTERS TO YOU Investors are bidding up data storage stocks in anticipation of higher demand, details Show less Read more
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