Should You Chase the Rally in Seagate Technology Stock After Earnings?

Seagate Technology (STX) shares closed nearly 20% higher on Jan. 28 after the American data storage firm posted its Q2 earnings that handily topped estimates on insatiable AI-driven demand. Investors cheered STX today as its gross margin climbed to a record 42.2% in the second quarter and management guided for a much better-than-expected $2.9 billion in sales in Q3. More News from Barchart However, since Seagate stock has witnessed a more than 6x increase in less than a year, it’s well within reason to ...