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Seagate surges 17% as AI boom powers record earnings

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Seagate Technology delivered a quarter that exceeded expectations on nearly every meaningful metric, and Wall Street responded immediately. Shares of the data storage company surged approximately 17% in premarket trading on Wednesday after the company not only beat third-quarter estimates by a comfortable margin but also issued fourth-quarter guidance that left analyst forecasts well behind. […]

The postSeagate surges 17% as AI boom powers record earningsappeared first onRolling Out.

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