Stock Pulse
Seagate Technology (STX) saw an 11.7% stock price increase due to paused tariffs against China, bolstering its strong performance in mass capacity storage driven by cloud and enterprise demand [1]. The company is anticipated to beat earnings expectations on April 22nd [2], [6] and recently completed the acquisition of Intevac, enhancing its manufacturing capabilities [4]. Despite positive growth in Q2 2025 fueled by nearline product revenue and HAMR technology adoption [5], concerns remain about declining revenues, weak margins, and competition [3]. While CEO Mosley sold a significant number of shares [8], the company is viewed as having high upside potential due to increasing demand for data storage in AI applications [5]. However, sustaining this growth requires continued positive developments and successful navigation of the competitive landscape [1].