Seagate Stock Soars After AI Demand Powers Big Earnings Beat

Seagate Technology's stock surged to fresh highs after the storage giant reported earnings that obliterated Wall Street expectations, a stark reminder that the artificial intelligence boom is creating unexpected winners far beyond the semiconductor giants hogging headlines. The company's strong performance signals that the infrastructure arms race to build AI systems is now stretching deep into the supply chain, where seemingly unglamorous hardware makers are reaping outsized profits. For investors betting on AI, the lesson is clear: the real money may lie not in the algorithms themselves, but in the picks and shovels needed to power them.

Investor's Business Daily·23h ago