Hard-disk-drive stocks rebound after Nvidia’s results signal demand for data-center components, lifting sector sentiment.
Shares of Seagate Technology (STX) and Western Digital (WDC) surged Thursday following Nvidia’s (NVDA) earnings report, which eased concerns over AI infrastructure demand. Seagate climbed 6% to 799.81, while Western Digital rose 3% to 475.36.
Both stocks had struggled earlier in the week, with Seagate on track for its worst weekly performance since early March. The rebound follows a broader pullback in AI-related equities ahead of Nvidia’s results.
The positive reaction suggests investors view Nvidia’s earnings as a bellwether for data-center component demand, benefiting storage suppliers.