Latest news with #SeagateTechnology
Yahoo
4 hours ago
- Business
- Yahoo
Seagate Appoints Dave Mosley to Position of Board Chair
Chief Executive Officer Dave Mosley elected to become Board Chair Michael R. Cannon to become Lead Independent Director FREMONT, Calif., July 28, 2025--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX) (the "Company" or "Seagate"), a leading innovator of mass-capacity data storage, announced today that Chief Executive Officer Dave Mosley has been unanimously elected by the Board of Directors to the additional role of Board Chair, effective following the conclusion of Seagate's 2025 Annual General Meeting of Shareholders, which is expected to be held in October 2025. He will succeed Michael R. Cannon, who will remain a director and assume the additional role of Lead Independent Director. "Since becoming CEO in 2017, Dave has been instrumental in driving strong operational performance, advancing Seagate's innovative technology roadmap, and positioning the company to capture the significant data-driven growth opportunities ahead," said Mike Cannon. "His election as Board Chair reflects the Board's confidence in his strategic vision and our trust in his leadership to guide Seagate through its next phase of profitable growth. I look forward to our continued collaboration to ensure Seagate's sustained success." "It has been a privilege to serve as Seagate's CEO, and I am excited to take on the expanded role of Board Chair. In this opportunity-rich era shaped by the explosive growth in data generation and data value, I remain committed to collaborating with our board and leadership team to continue driving storage technology innovation that creates long-term value for all of our stakeholders," said Dave Mosley. "I would like to express my gratitude to Mike for his invaluable counsel and leadership, which have helped shape the company's strategic direction, and I look forward to his ongoing contributions to the board in his role as Lead Independent Director." Dr. Mosley has held numerous leadership positions during his nearly 30 year tenure with Seagate spanning research and development, operations, sales and marketing. He has been Chief Executive Officer of Seagate since October 2017 and has served as a director since July 2017. Mr. Cannon has served as a director since February 2011 and has served as Seagate's Board Chair since July 2020. About Seagate Seagate Technology is a leading innovator of mass-capacity data storage. We create breakthrough technology so you can confidently store your data and easily unlock its value. Founded over 45 years ago, Seagate has shipped over four billion terabytes of data capacity and offers a full portfolio of storage devices, systems, and services from edge to cloud. To learn more about how Seagate leads storage innovation, visit and our blog, or follow us on X, Facebook, LinkedIn, and YouTube. © 2025 Seagate Technology LLC. All rights reserved. Seagate, Seagate Technology, and the Spiral logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries. View source version on Contacts Investor Relations Contact: Shanye Hudson, (510) Media Contact: Karin Taylor, (408) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
5 days ago
- Business
- Globe and Mail
The Zacks Analyst Blog Highlights Meta Platforms, Lam Research, Flex and Seagate
For Immediate Release Chicago, IL – July 24, 2025 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Meta Platforms META, Lam Research LRCX, Flex FLEX and Seagate Technology STX. Here are highlights from Wednesday's Analyst Blog: 4 Technology Stocks Poised to Beat Earnings Estimates in Q2 The technology sector saw growth in the second quarter of 2025, driven by strong adoption of Artificial Intelligence (AI) and machine learning, as well as Generative AI (GenAI). The sector is riding on the ongoing digitalization wave. The rapid adoption of AI, cloud computing, 5G, the Internet of Things, wearables, headsets supporting augmented and virtual reality technologies, drones, robotics, cybersecurity, blockchain and quantum computing is expected to have aided sector participants. A number of technology companies are set to report their earnings results over the next couple of weeks. We have picked four technology stocks — Meta Platforms, Lam Research, Flex and Seagate Technology — which are well-poised to beat earnings estimates this season. Technology Stocks Riding on AI Boom, Investments AI demand is escalating, and that has increased the need for data center capacity expansion. Leading cloud computing providers like Amazon, Alphabet, Microsoft and Meta Platforms have multi-year investment plans to support greater cloud capacity and AI deployment. While Microsoft plans to spend $80 billion, Meta Platforms plans to spend $64-$72 billion on AI-related infrastructure development. The advent of GenAI has further attracted investments. Large Language Models, which form the backbone of GenAI, require significant computational power to process massive amounts of data. This requires massive investment in chips, particularly graphics processing units (GPUs), and energy. Per the Semiconductor Industry Association data, semiconductor sales in May 2024 were $59 billion, up 19.8% year over year and 3.5% month-over-month. In April, sales were $57 billion, up 2.5% month over month. Moreover, the PC segment witnessed growth in the second quarter of 2025. IDC estimates 68.4 million sold units, up 6.5% year over year. In contrast, Gartner estimates shipments of 63.2 million units, up 4.4% year over year. PC shipment is expected to benefit from the ongoing upgrade cycle as support for Windows 10 ends in October 2025 and growing demand for AI-enabled PCs. How to Pick Earnings Estimates Beating Stocks? Finding technology stocks with the potential to beat earnings estimates can be daunting. Our proprietary methodology, however, makes it fairly simple. You could narrow down the list of choices by looking at stocks that have the combination of a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Earnings ESP is our proprietary methodology for determining stocks that have the best chances to surprise with their next earnings announcement. It is the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate. Our research shows that for stocks with this combination of ingredients, the odds of a positive earnings surprise are as high as 70%. Top Bets Menlo Park, CA-based Meta Platforms has an Earnings ESP of +1.83% and currently sports a Zacks Rank of 1. You can see the complete list of today's Zacks #1 Rank stocks here. Meta Platforms' focus on integrating AI into its platforms — Facebook, WhatsApp, Instagram, Messenger and Threads — is driving user engagement. This is expected to boost second-quarter 2025 ad revenues, which, per the Zacks Consensus Estimate, is pegged at $43.94 billion, suggesting 14.6% year-over-year growth. The social-media giant is set to report on second-quarter 2025 on July 30, 2025. The Zacks Consensus Estimate for earnings has increased four cents to $5.80 per share over the past month and suggests 12.4% growth over the figure reported in the year-ago quarter. Meta Platforms, Inc. price-eps-surprise | Meta Platforms, Inc. Quote Fremont, CA-based Lam Research currently has an Earnings ESP of +2.71% and a Zacks Rank #2. The company is scheduled to report fourth-quarter fiscal 2025 results on July 30. Lam Research is benefiting from ongoing shifts in semiconductor demand, particularly around AI and data center chips. These advanced chips require complex manufacturing, and Lam Research provides the essential tools, like deposition and etching systems, needed to build them. Lam Research's Systems revenues accounted for 64.3% in third-quarter fiscal 2025, and the consensus mark is pegged at $3.22 billion, indicating 48.5% year-over-year growth. The Zacks Consensus Estimate for earnings has been steady $1.20 per share over the past month and suggests 48.15% growth over the figure reported in the year-ago quarter. Lam Research Corporation price-eps-surprise | Lam Research Corporation Quote Singapore-based Flex Ltd is set to report first-quarter fiscal 2026 results on July 24. The company has an Earnings ESP of +2.77% and a Zacks Rank of 2. Flex's to-be-reported quarter is expected to reflect an expanding IP portfolio, recent design wins, acquisitions and strong demand in data center, networking and automotive power electronics markets. Flex continues to benefit from its extensive global footprint of more than 48 million square feet across 110+ sites, enabling efficient, high-scale manufacturing. The Zacks Consensus Estimate for Agility Solutions is pegged at $3.52 billion, indicating 4.5% year-over-year growth. The consensus estimate for fiscal first-quarter earnings has been steady at 63 cents per share over the past 30 days and indicates 23.53% growth over the figure reported in the year-ago quarter. Flex Ltd. price-eps-surprise | Flex Ltd. Quote Dublin, Ireland-based Seagate Technology is scheduled to report its fourth-quarter fiscal 2025 results on July 29. The company has an Earnings ESP of +2.34% and a Zacks Rank #2. Continued momentum in mass capacity revenues, driven by robust nearline cloud demand, propels the growth trajectory for Seagate. Nearline cloud revenues and exabyte shipments are riding on a favorable demand environment amid supply constraints and AI-driven cloud expansion. This bodes well for Seagate's to-be-reported quarter. The Zacks Consensus Estimate for Mass Capacity revenues is pegged at $2 billion, suggesting 39.6% year-over-year growth. The consensus mark for earnings has inched up by a penny to $2.46 per share over the past month and suggests 134.29% growth over the figure reported in the year-ago quarter. Seagate Technology Holdings PLC price-eps-surprise | Seagate Technology Holdings PLC Quote Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lam Research Corporation (LRCX): Free Stock Analysis Report Flex Ltd. (FLEX): Free Stock Analysis Report
Globe and Mail
5 days ago
- Business
- Globe and Mail
5 Stocks Powering the S&P 500 ETF So Far in 2025
The S&P 500 Index is witnessing a strong rally, with a record high close for the third straight session. The benchmark hit a new milestone of 6,300 on July 21, driven by optimism over strong second-quarter results and signs of economic resilience, even as uncertainty around U.S. trade policy persists. SPDR S&P 500 ETF Trust SPY, the proxy version of the S&P 500 Index, has gained 8% so far this year. While many stocks in the ETF have performed well, we have highlighted five stocks that have gained more than 60% so far this year. These are Palantir Technologies Inc. PLTR, NRG Energy Inc. NRG, Seagate Technology STX, Howmet Aerospace Inc. HWM and GE Vernova GEV. Let's take a closer look at the key drivers behind the market rally: Strong Corporate Earnings The second-quarter earnings season is off to a robust start, with companies not only beating estimates but also providing a favorable outlook for current business trends, which should help solidify earnings expectations for the third quarter and beyond. Earnings of the 62 S&P 500 companies that have reported so far are up 9.3% from the same period last year on 5.8% higher revenues, with 82.3% beating EPS estimates and an equal proportion beating revenue estimates, per Earnings Trend report. Among the Mag 7, Tesla TSLA and Alphabet GOOGL will report results today. Total Q2 earnings are expected to be up 11.7% on 11.3% higher revenues (read: 5 Sector ETFs Set to Power Q2 Earnings Growth). AI Boom and Tech Leadership The ongoing AI boom continues to fuel enthusiasm for large-cap tech stocks, which have an outsized influence on the S&P 500. Investors are betting on long-term growth in AI applications across industries, boosting demand for semiconductors, cloud computing and software platforms. Fed Rate Cut Hopes Investor sentiment has also been lifted by increasing confidence that the Fed may begin cutting interest rates by the end of 2025. Resilient U.S. Economy Despite global uncertainty, the U.S. economy has shown surprising strength. June retail sales exceeded expectations, and unemployment remains near historic lows. This economic resilience is giving investors confidence that earnings growth can be sustained into the second half of the year. Let's take a closer look at the fundamentals of SPY and the stocks behind this rally. SPY in Focus SPDR S&P 500 ETF Trust holds 503 stocks in its basket, with each accounting for no more than 7.6% of the assets. This suggests a nice balance across each security and prevents heavy concentration. The fund is widely spread across sectors, with information technology, financials and consumer discretionary accounting for a double-digit allocation each. SPDR S&P 500 ETF Trust has an AUM of $649.8 billion and charges 9 bps in fees per year. It trades in an average daily volume of 71 million shares and has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook (see: all the Large Cap Blend ETFs here). Best-Performing Stocks of SPY Palantir Technologies builds and deploys software platforms for the intelligence community, principally in the United States. The stock has jumped more than 97% so far this year and has an estimated earnings growth rate of 41.5% for 2025. Palantir Technologies has a Zacks Rank #5 (Strong Sell) and a Growth Score of A. NRG Energy is engaged in the production, sale and delivery of energy and energy products and services to residential, industrial as well as commercial consumers in major competitive power markets in the United States. The stock saw a solid earnings estimate revision of four cents over the past seven days for this year and has an estimated growth rate of 17.6%. NRG Energy has soared about 70.6% so far this year and has a Zacks Rank #3 (Hold). Seagate Technology is a leading provider of data storage technology and infrastructure solutions. The company's primary product offering is hard disk drives, which are commonly referred to as disk drives, hard drives or HDDs. The stock saw a positive earnings estimate revision of 16 cents over the past month for the fiscal year (June 2026) and has an estimated growth of 26.3%. Seagate Technology has jumped about 70% this year and has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Howmet Aerospace provides engineered solutions for customers in the transportation and aerospace (both defense and commercial) industries. The stock has risen 67.6% this year and saw positive earnings estimate revision of a penny for this year over the past month. Howmet Aerospace has an expected earnings growth rate of 29% for this year and a Zacks Rank #3. GE Vernova is an energy company that includes Power, Wind and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services and Financial Services. The stock has climbed 66.9% so far this year. GE Vernova saw a solid earnings estimate revision of 22 cents over the past month for this year and has an estimated growth rate of 32.3%. The stock has a Zacks Rank #3. Want key ETF info delivered straight to your inbox? Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NRG Energy, Inc. (NRG): Free Stock Analysis Report Seagate Technology Holdings PLC (STX): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports Alphabet Inc. (GOOGL): Free Stock Analysis Report Howmet Aerospace Inc. (HWM): Free Stock Analysis Report Palantir Technologies Inc. (PLTR): Free Stock Analysis Report GE Vernova Inc. (GEV): Free Stock Analysis Report
TECHx
16-07-2025
- Business
- TECHx
What AI Appreciation Day Should Really Remind Us
Home » Editor's pick » What AI Appreciation Day Reminds Us As we mark AI Appreciation Day, it's not just about celebrating innovation, it's about remembering that AI must be human-led, ethically grounded, and built with purpose. In 2025, Artificial Intelligence is powering daily life, reshaping industries, and challenging global norms. From healthcare to energy, cities to classrooms, AI in 2025 is not just a tool. It is an ecosystem. The Middle East is leading this shift. Countries like the UAE and Saudi Arabia are making bold moves. Their investments in AI infrastructure and ethical governance are reshaping how nations approach AI at scale. Let's look at what's really happening beneath the surface of AI in 2025. Data Is the New Backbone AI needs fuel. That fuel is data. And to manage that data, nations need infrastructure that is scalable, secure, and sovereign. Mohit Pandey, Head of Sales for the Middle East, Turkey and Africa at Seagate Technology, explains the scale of growth: 'In 2025, the UAE and Saudi Arabia are at the forefront of digital infrastructure, with Saudi Arabia's data center market growing at a 21.87% CAGR and the UAE hosting advanced facilities. This growth drives a GCC-wide boom, projected to reach $9.49 billion by 2030. In this landscape, infrastructure reliability and scalability are essential to provide the resilience, scalability, and energy efficiency needed to support AI factories in Riyadh and sovereign cloud platforms in Abu Dhabi. As governments push for data sovereignty and AI leadership, Seagate is ready to partner in building the future's regional premium infrastructure.' These data centers are more than just buildings. They are AI factories that train models, store vast datasets, and serve as the digital backbone of national transformation. The demand for energy-efficient, high-speed storage is rising. And with AI workloads growing, the region is building a premium infrastructure to support it. Ethics Is Not Optional AI brings great power. But it also raises questions. How do we keep it fair? Who decides what is right? AI in 2025 is not just about what technology can do. It is also about how it is used and who governs it. Dr. Shabbir Nalwala, Executive Advisor for Group Digital Governance and Transformation at ADNOC Group, puts it clearly: 'AI presents a powerful tool for enhancing digital governance in the oil and gas sector. AI's success depends not solely on the technology used but also critically on how responsibly AI is governed. In UAE, ethical AI is not only a regulatory checkbox but a national priority. Oil and gas companies that adopt this vision will not only improve their digital operations but also contribute meaningfully to the UAE's vision as a global leader in ethical and impactful AI.' Ethical AI is now a core part of national strategies. In the UAE, it guides how AI is designed, deployed, and monitored. Sectors like oil and gas are using AI to boost efficiency. But they are also leading the charge in AI governance. Responsible use is becoming a competitive advantage. AI as a Reflection of Us Technology reflects the intentions of its creators. AI in 2025 is no different. It amplifies human strengths. But it also exposes human flaws. Tolga Ozdil, Regional Commercial Director, Middle East, Turkey & Africa (META) at ASUS, shares a deeper view: 'AI has become a mirror to humanity, reflecting our values, intentions, and vulnerabilities while showing the scale of our technological progress. While AI started as an experiment, it has now found its way into our daily lives, changing the way we learn, work, and create. Even with that growth, AI's path is not defined since its evolution will still be dictated by human decisions, responsibility, and oversight. We should not just recognize AI with the amazing things that it can do but also remind ourselves that how we build and use AI also matters.' This reminder is important. AI is not just a celebration of innovation. It is a call for accountability. We are shaping AI. And in return, it is shaping us. A National Priority In 2025, AI is a matter of sovereignty. Saudi Arabia is building AI factories in Riyadh. The UAE is expanding sovereign cloud platforms in Abu Dhabi. These aren't just tech projects. They are strategic tools for economic independence. According to analysts, the GCC's data center market will reach $9.49 billion by 2030. That growth is directly tied to AI demand. With each AI application, health diagnostics, smart cities, energy forecasting, comes a deeper need for fast, secure data handling. The focus is clear. Nations are working to own their data, control their compute power, and reduce reliance on foreign cloud services. Challenges on the Path Ahead While the momentum is strong, challenges persist. AI still struggles with: Bias in algorithms Lack of explainability Energy consumption Talent shortages Uneven access to tools and data The rise of generative AI has made some of these issues more visible. Misinformation, deepfakes, and intellectual property concerns are shaping new debates. In this context, AI in 2025 is a balancing act between innovation and oversight, scale and sensitivity, ambition and caution. A Day to Reflect, Not Just Celebrate AI Appreciation Day is not just about what we've built. It is also about how we build from here. AI in 2025 is no longer an experiment. It is a daily influence, visible in homes, hospitals, classrooms, and control rooms. The real power of AI lies not only in algorithms or infrastructure. It lies in intent. And the Middle East, especially the UAE and Saudi Arabia, is proving that with the right vision and values, AI can be both powerful and principled. As we reflect today, the message is clear. AI can amplify progress. But it must be human-led, ethically grounded, and purpose-driven.
Yahoo
15-07-2025
- Business
- Yahoo
Seagate Technology to Report Fiscal Fourth Quarter and Fiscal Year 2025 Financial Results on July 29, 2025
FREMONT, Calif., July 15, 2025--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX), a leading innovator of mass-capacity data storage, will report fiscal fourth quarter and fiscal year 2025 financial results after the market closes on Tuesday, July 29, 2025. The investment community conference call to discuss these results will take place that day at 2:00 PM PT / 5:00 PM ET. The live audio webcast can be accessed online at Seagate's Investor Relations website at About Seagate Technology Seagate Technology is a leading innovator of mass-capacity data storage. We create breakthrough technology so you can confidently store your data and easily unlock its value. Founded over 45 years ago, Seagate has shipped over four billion terabytes of data capacity and offers a full portfolio of storage devices, systems, and services from edge to cloud. To learn more about how Seagate leads storage innovation, visit and our blog, or follow us on X, Facebook, LinkedIn, and YouTube. ©2025 Seagate Technology LLC. All rights reserved. Seagate, Seagate Technology, Mozaic 3+, Exos, and the Spiral logo are trademarks or registered trademarks of Seagate Technology LLC in the United States and/or other countries. All other trademarks or registered trademarks are the property of their respective owners. When referring to drive capacity, one gigabyte, or GB, equals one billion bytes, one terabyte, or TB, equals one trillion bytes, and one exabyte, or EB, equals one quintillion bytes. View source version on Contacts Media Contact: Karin Taylor (408) Investor Relations Contact: Shanye Hudson, (510) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
