On July 20, Seagate Technology rose 3.22% overnight, trading at $813.01/share, with turnover of $1.5817 million. Peers SanDisk gained 3.17% and Western Digital rose 3.06%, as the storage sector showed signs of stabilization following consecutive sessions of heavy 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 breakthrough Mozaic technology. The company emphasized a core philosophy of data flow driving AI operations, focusing on data center and edge computing scenarios.

The rebound comes after the storage sector experienced severe multi-day selloffs, with stocks including SanDisk, SK Hynix, and Western Digital previously declining 8-10% in single sessions amid broad profit-taking from AI hardware and storage chip momentum trades. Despite the recent pressure, multiple institutions remain bullish — JPMorgan raised its Seagate target to $1,095, Citigroup to $1,240, and Wells Fargo upgraded the stock to overweight with a $1,100 target.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)