Storage and Test Earnings Arrive — Is AI Hardware Demand Broadening?

Seagate and Teradyne report after Tuesday’s close, with consensus revenue of $4.18B and Teradyne EPS of $2.06 on $1.28B revenue. Their results test whether AI demand is broadening beyond GPUs and HBM into storage and chip-testing equipment. Micron rose 2.98% and SanDisk 1.42% Monday. Bulls expect server growth to lift drive, SSD, and testing demand; bears warn orders may not improve margins amid customer concentration and expansion costs. Is this a broad AI hardware cycle or a temporary order surge?

Seagate: How a 'Sunset' Hardware Maker Became an AI Margin Monster

If your impression of Seagate $希捷科技(STX)$ is stuck on "the legacy hard-drive maker in your old PC," you have missed one of the most aggressive AI re-rating stories in the U.S. market. On October 28, Seagate delivered its FQ1 FY27 earnings—and the numbers were staggering. Revenue hit $4.23 billion, non-GAAP gross margin surged to 57.8%, operating margin topped 50.7%, and EPS reached $7.68. A stark contrast to the loss-making struggles of just two years ago, this "sunset industry" hardware maker has transformed into a free cash flow gusher that many SaaS companies would envy. So, what exactly is driving this cycle reversal? 1. The Business: Selling Capacity, not Just Hard Drives Seagate is no longer a PC accessory play. Its business now hinges on two
Seagate: How a 'Sunset' Hardware Maker Became an AI Margin Monster
avatarD1ane
10-28

AI’s Next Winners May Be Outside the GPU Market

The AI boom has created enormous attention around GPUs and high-bandwidth memory. But building AI infrastructure requires much more than powerful processors. Data must be stored, chips must be tested, and entire systems must operate reliably at scale. That makes Seagate and Teradyne worth watching as their earnings arrive. Seagate: The storage side of AI AI models generate and process huge volumes of data. Training datasets, enterprise information and archived data all require storage capacity. Seagate specialises in hard disk drives, which remain important for large-scale, cost-efficient data storage. If cloud providers continue expanding their data centres, demand for storage could benefit alongside demand for computing power. The key question is whether stronger demand translates into b
AI’s Next Winners May Be Outside the GPU Market

Hardware Led the Bounce. Big Tech Still Has to Prove It.

QQQ rose while three large platforms declined The $Invesco QQQ(QQQ)$, which tracks the Nasdaq 100, gained 1.11 per cent on Monday, while the $SPDR S&P 500 ETF Trust(SPY)$ rose 0.71 per cent. $Alphabet(GOOG)$ fell 0.97 per cent, $Apple(AAPL)$ lost 1.10 per cent and Meta declined 1.88 per cent in the same session. The indices closed higher, but this was not a rally driven by all the large platforms together. Semiconductors and higher-beta growth shares were stronger. $Tesla Motors(TSLA)$ rose 5.21 pe
Hardware Led the Bounce. Big Tech Still Has to Prove It.