Seagate’s earnings are welcome news for the battered AI trade
Seagate’s earnings are welcome news for the battered AI trade

Seagate Technology's better-than-expected June-quarter results sent its stock surging in after-hours trading, offering a rare bright spot for the battered artificial intelligence sector.

The storage maker's earnings beat Wall Street's expectations, providing some optimism for investors who have grown increasingly concerned about the sustainability of the AI trade.

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