On September 8, Seagate Technology PLC rose 3.49% in regular trading, trading at $879.5/share, with turnover of $81.473 million. The rally was driven by sustained strength across the global storage sector, fueled by surging AI computing demand.
According to CFM Flash Market data, global DRAM market revenue reached $147.024 billion in Q2, surging 55.9% quarter-over-quarter to a record high, as explosive server-side AI demand propelled both storage volumes and prices higher. Peer stocks moved in tandem, with Western Digital up 2.81% and SanDisk up 1.41%. Additionally, SanDisk was recently added to the MSCI Global Index, further boosting sector visibility and capital inflow expectations, providing a positive spillover effect for Seagate Technology PLC and other storage names.
Notably, the broader storage sector has seen a powerful rally in recent sessions, with institutional forecasts widely projecting DRAM price increases to extend into Q3, as AI infrastructure buildout continues to absorb DRAM and NAND flash capacity from major manufacturers.
(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.)