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Stock impact report

Seagate Files Multi Billion Shelf As HAMR Growth And AI Demand Build [Yahoo! Finance]

Western Digital Corporation (WDC) 
Last western digital corporation earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.wdc.com
Company Research Source: Yahoo! Finance
Seagate Technology Holdings filed a multi billion dollar shelf registration covering more than 14 million ordinary shares. The filing follows record financial results and ongoing deployment of the company's HAMR storage technology. The shelf registration could be used for future equity issuance or capital raising, subject to market conditions and company decisions. For investors following NasdaqGS:STX, this filing lands at a time when the stock is priced at $407.69 and has delivered very strong returns, including 48.0% over the past month and 41.8% year to date. The share price performance and record results may influence any decision the company makes about tapping equity markets for funding. The shelf registration gives Seagate flexibility to act quickly if it chooses to fund capacity, expand AI focused data center offerings, or support its HAMR rollout. For you as a shareholder or potential investor, key questions include how any future use of this shelf might affect owner Show less Read more
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