Meet the Artificial Intelligence (AI) Infrastructure Stock Crushing Micron Technology in 2026. Its Red-Hot Earnings Growth Could Send It Even Higher
Seagate Technology's stock has surged 164% in 2026, driven by demand for its data storage solutions in AI data centers. The company's revenue jumped 44% year over year to $3.11 billion in its fiscal 2026 third-quarter results.
Seagate Technology's stock has outperformed Micron Technology, surging 164% in 2026. The company's data storage solutions are in high demand in AI data centers, driving revenue growth. Seagate's fiscal 2026 third-quarter revenue jumped 44% year over year to $3.11 billion, with earnings shooting up 116%. The company has secured long-term supply agreements with major cloud and hyperscale customers, positioning it for continued growth. Seagate expects adjusted earnings of $5 per share in the current quarter, nearly double the year-ago period's earnings. The global data storage market is expected to grow from $300 billion in 2026 to $985 billion in 2034, driven by AI applications.
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