Seagate Technology

Toshiba plans to significantly expand production of drives for AI data centers and is investing around $380 million in a plant in the Philippines, aiming to raise its share of shipped capacity in the medium term from about 10% to 30%. The announcement threatens to weaken the tight supply and pricing power of the major manufacturers and triggered premarket price losses at Seagate (−11%) and Western Digital (−8%). Seagate had most recently reported revenue forecasts of around $4.10 billion; analysts and investors are now watching for margin pressure and the stock's technical support levels. » More on deraktionaer.de

After rising from 63 USD to over 1,100 USD since April 2025, Seagate’s price has lost momentum since the all-time high of 1,145 USD. Monthly candles with small bodies and a possible topping pattern on the weekly chart point to waning upside momentum, while the daily chart shows a bearish flag. A break of the short-term uptrend around 776.94 USD would increase downward pressure; the 200-day line at about 613.74 USD is seen as an important support area. » More on finanzen.net

Seagate is shipping 44TB HAMR Mozaic drives into hyperscaler contracts, reaching about 75% of top cloud customers, and expanded gross margin to 52.3% with record free cash flow of $3.1B for the year. The company aims to push more nearline capacity onto HAMR by fiscal 2027 but faces risks from hyperscaler concentration and potential yield issues. Western Digital is extending ePMR and plans its 44TB HAMR drive (Hammer) to ship in first half of 2027, trading at a lower P/E and prioritizing a more conservative rollout. » More on finance.yahoo.com