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.
Western Digital used Innovation Day 2026 to lay out an AI-focused storage roadmap aimed at delivering more capacity without sacrificing reliability and performance. The company highlighted upgrades in UltraSMR and HAMR HDD technologies, targeting drive capacities up to 100TB by 2029, signaling a major push to meet rising data and workload demands.
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