Data-storage stocks jump after Seagate's upbeat outlook

Western Digital

29/04/2026 14:50

Updates

** Shares of data-storage companies jump as Seagate Technology's STX.O upbeat forecast boosts confidence in enterprise AI spending

** Seagate surges 19%, Western Digital WDC.O up 12% and SanDisk SNDK.O rises 9.4% - all three hit intraday record highs

** Micron Technology MU.O gain 4.6%

** Memory and data-storage stocks continue to surge in 2026, building on a stellar 2025, as demand for hard drives soars in the global race to expand AI-related infrastructure

** Including session's moves, YTD gains are 152.5% for WDC, 149% for STX, 84% for MU and 361% for SNDK

 (Reporting by Ragini Mathur in Bengaluru)

 ((Ragini.Mathur@thomsonreuters.com;))