Seagate Technology PLC is trading 3.7% up at $1110.00 in pre-market, continuing a sharp multi-session advance that has lifted the stock from $815.99 on June 10.
- The rally is driven by strong Q3 FY26 earnings, increased demand for AI-driven storage, and recent analyst upgrades.
- A Morgan Stanley report projects an extended HDD shortage through 2028, further fueling investor optimism.
- Seagate's Mozaic HAMR drives are now qualified and ramping with major cloud customers, supporting the positive sentiment.