Seagate STX

Seagate Technology Holdings Plc has witnessed a remarkable stock surge of over 500% since early 2025, with its shares recently rising more than 16% following a strong fiscal Q3 earnings report that exceeded revenue expectations due to the booming demand for AI-driven storage solutions. The company anticipates robust fourth-quarter revenue of approximately $3.45 billion, further fueling investor optimism as it continues to dominate around 80% of the nearline hard disk drive market, crucial for AI infrastructure. Additionally, the burgeoning storage market has seen Mizuho raise price targets for storage giants amidst tight supply, indicating a broader confidence in the sector's growth potential, particularly as Seagate positions itself alongside NXP Semiconductors as a leader in the AI infrastructure space.