On July 20, Seagate Technology rose 3.52% in regular trading, trading at $822.825/share, with turnover of $125 million. The storage sector showed stabilization and rebound after multiple consecutive days of collective selling pressure.

On the news front, Seagate appeared at the World Artificial Intelligence Conference (WAIC) on July 19, showcasing AI data storage solutions based on its Mozaic technology platform, focusing on data center and edge computing scenarios while emphasizing the core concept that data flow drives AI operations. The broader storage sector rallied in sympathy, with SanDisk up 4.48% and Western Digital up 4.30%.

Prior to the rebound, the sector had endured heavy profit-taking, with SanDisk, SK Hynix, and others dropping over 8% in single sessions. Multiple investment banks recently raised price targets on Seagate, including JPMorgan to $1,095, Citigroup to $1,240, and Wells Fargo to $1,100. The company is scheduled to report quarterly earnings on July 28 after market close, with consensus EPS expectations at $4.89.

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