Seagate (STX) analysis: pricing power is boosting data center revenue and margins, but valuation is rich and HDD supply-demand risks loom. See more here.

Something is shifting fast in the world of data storage, and Seagate TechnologyCEO Dave Mosley isn't shy about saying so. On the company's fiscal third-quarter earnings call, Mosley argued that artificial intelligence is changing the very nature of how much data the world needs to store,

Here are some of the stocks making notable moves in Wednesday's premarket action: Seagate Technology shares are surging nearly 18% after the hard-drive maker delivered [forecast-busting earnings and r

But what Seagate Technology (STX) has managed to do and looks set to keep doing is unprecedented, Wall Street analysts said. Shares of the storage giant surged more than 17% in premarket trading on Wednesday after it reported fiscal third-quarter results and guidance that topped estimates by a wide margin.

By Zaheer Kachwala April 29 (Reuters) - Shares of data-storage companies jumped on Wednesday, a day after strong revenue and profit forecasts from Seagate Technology signaled that spending by enterprises on artificial intelligence equipment will remain strong.

Detailed price information for Seagate Technology Hldgs Plc (STX-Q) from The Globe and Mail including charting and trades.

Seagate Technology (NASDAQ:STX) is the name lighting up screens this morning after a 17.13% earnings beat sent shares up roughly 13% after the close. The setup deserves a closer look. The Seagate story has the shape every contrarian recognizes.