On July 23, Seagate Technology PLC rose 3.07% overnight, trading at 933.47 USD/share, with turnover of $4.23 million. The storage sector staged a broad recovery, with peers SanDisk gaining approximately 3% and Western Digital rising nearly 3%.

The core catalyst was server maker Super Micro Computer disclosing preliminary fourth fiscal quarter results, revealing new orders exceeding $60 billion and record-level backlog. Notably, its gross margin guidance of 15%–17% nearly doubled prior estimates of 8.2%–8.4%, effectively countering market concerns over a potential slowdown in AI capital expenditure. The strong results bolstered confidence across the entire AI infrastructure and storage supply chain.

Additionally, Seagate Technology PLC is scheduled to report earnings after market close on July 28, with consensus expectations calling for revenue growth of 43.48% year-over-year and EPS of $4.89, as institutions remain broadly bullish on the AI-driven storage recovery cycle.

(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.)