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Stock impact report

Q3 Earnings Outperformers: Seagate Technology (NASDAQ:STX) And The Rest Of The Semiconductors Stocks [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
Let's take a look at how Seagate Technology (NASDAQ:STX) and the rest of the semiconductors stocks fared in Q3. The semiconductor industry is driven by cyclical demand for advanced electronic products like smartphones, PCs, servers, and data storage. While analog chips serve as the building blocks of most electronic goods and equipment, processors (CPUs) and graphics chips serve as their brains. The growth of data and technologies like artificial intelligence, 5G, the Internet of Things, and smart cars are creating the next wave of secular growth for the industry. The 41 semiconductors stocks we track reported a strong Q3. As a group, revenues beat analysts' consensus estimates by 2.1% while next quarter's revenue guidance was above. Luckily, semiconductors stocks have performed well with share prices up 50.5% on average since the latest earnings results. The developer of the original 5.25inch hard disk drive, Seagate (NASDAQ:STX) is a leading producer of data storage solution Show less Read more
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