Seagate Technology Plc is a leading provider of data storage solutions that design, manufacture, and market a broad range of hard disk drives and solid-state drives for a variety of applications, including enterprise and consumer markets. The company specializes in delivering high-performance storage systems and innovative data management solutions that cater to the growing demand for reliable and secure data storage amidst the ever-expanding digital landscape. Seagate's technologies are integral to a wide array of devices, enabling fast access to information and supporting the burgeoning fields of cloud computing, big data, and artificial intelligence. Additionally, the company focuses on sustainability initiatives and advancing storage technology to help customers effectively manage and protect their data. Read More
Shares of data storage manufacturer Seagate (NASDAQ:STX)
jumped 3.4% in the afternoon session after Bernstein SocGen Group raised its price target on the stock, citing accelerating demand for data storage driven by the AI boom. The firm increased its price target to $275 from $250 while keeping an "Outperform" rating. Analysts pointed to the massive data requirements of artificial intelligence as a key growth driver for data storage companies. The brokerage noted that hard disk drives remained the most economic option for data centers to store "cool" data, which is data not frequently accessed. This trend positioned Seagate to benefit from the explosion in data creation. The positive view was part of a broader sentiment that companies involved in data storage have seen their stock prices rise due to increased AI-related demand.
Let's have a look at what is happening on the US markets in the middle of the day on Friday. Below you can find the top S&P500 gainers and losers in today's session.
Stay tuned for the market movements in the S&P500 index on Friday. Check out the gap up and gap down stocks in the S&P500 index during today's session.
As we await the opening of the US market on Friday, let's delve into the pre-market session and discover the S&P500 top gainers and losers shaping the early market sentiment.
The S&P 500 has staged a remarkable rebound, soaring to unprecedented highs in late 2025 following a period of significant sell-off earlier in the year. This resurgence, driven by a powerful confluence of artificial intelligence advancements, robust corporate earnings, and strategic monetary policy adjustments, signals a dynamic shift in
The relentless march of Artificial Intelligence is poised to unleash a data deluge of unprecedented proportions, with some experts predicting AI will generate data at rates potentially 1,000 times greater than human output. This exponential surge, driven largely by the advent of generative AI, presents both a transformative opportunity for technological advancement and an existential [...]
New York, NY – October 16, 2025 – The U.S. stock market experienced a significant downturn today, with major indices closing sharply lower as renewed anxieties over regional bank stability and an escalating U.S.-China trade war gripped investors. The Dow Jones Industrial Average plunged over 300 points, while the
The S&P 500 Information Technology sector, encapsulated by the Technology Select Sector SPDR Fund (NYSEARCA: XLK), has emerged as the undisputed market leader in 2025, boasting a formidable year-to-date gain exceeding 20%. As of October 14, 2025, this robust performance underscores a significant shift in market dynamics, with technology
Seagate Technology Holdings plc (NASDAQ: STX), a leading innovator of mass-capacity data storage, will report fiscal first quarter 2026 financial results after the US market closes on Tuesday, October 28, 2025. The investment community conference call to discuss these results will take place that day at 2:00 PM PT / 5:00 PM ET.
Shares of data storage manufacturer Seagate (NASDAQ:STX)
jumped 2.5% in the afternoon session after analysts at Citigroup and Evercore ISI raised their price targets on the company's stock. Citigroup analyst Asiya Merchant maintained a 'Buy' rating while increasing the price target to $250 from $215. Separately, Evercore ISI also kept its 'Outperform' rating but adjusted its price target significantly higher, moving it to $330 from $160. These actions from the financial analysts signaled continued optimism about Seagate Technology's market performance.
As of October 2, 2025, Marvell Technology (NASDAQ: MRVL) stands as a pivotal American semiconductor company, headquartered in Santa Clara, California. It specializes in designing and producing semiconductors and related technology for data infrastructure, spanning from the data center core to the network edge. Founded in 1995, Marvell has grown to over 6,500 employees, holding [...]
Ten large caps led weekly declines on catalysts including arbitration risks, guidance cuts, SEC probes, downgrades, China softness, crypto slump, and a Dow plant fire.
