• Seagate Technology reported better-than-expected quarterly results, with EPS of $4.10 vs. the $3.51 estimate.
  • Revenue reached $3.11 billion, surpassing the $2.96 billion forecast, marking a 44.1% year-over-year increase.
  • The stock is rebounding after a recent pullback in the AI storage sector, with underlying momentum supported by robust AI data storage demand.