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Data storage stocks surge after Seagate signals stronger AI spending ahead
Business
Published on 29 April 2026
Seagate’s forecast hints AI demand stays sticky far longer
Data-storage stocks jumped after Seagate Technology delivered a bullish revenue and profit forecast, reinforcing expectations that enterprises will keep spending on AI-related equipment. With more firms investing in data drives and storage infrastructure, the sector’s demand outlook looks supported beyond near-term upgrades, boosting investor confidence across storage plays.
- Seagate’s upbeat forecast sparked a rally in data-storage shares
- AI equipment spending expectations appear to remain firm
- Rising investment in drives and storage could sustain demand
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times