Overview
- Seagate shares jumped about 19% to roughly $443.79 after fiscal Q2 results topped estimates.
- Management said new HAMR hard drives are sold out through the end of 2026, signaling sustained enterprise demand.
- SanDisk extended its post–spin-off surge, rising again on Wednesday and totaling roughly 960% gains in about 11 months.
- Market commentary highlighted a rotation toward storage as data centers emerge as the AI infrastructure bottleneck, with Western Digital and Intel also rallying.
- Research cited by financial outlets pointed to renewed NAND contract‑price increases in early 2026 due to hyperscaler buying and constrained supply.