Company Performance - ASML reported strong revenue of $11.4 billion, exceeding street expectations of $11.1 billion, although adjusted earnings per share of $8.61 missed expectations [5] - The backlog of orders was notably high at $15.7 billion, which is double the analyst expectations, indicating strong future revenue potential [5][6] - Seagate's revenue came in at $2.83 billion, surpassing the expected $2.75 billion, with adjusted earnings per share of $3.11 also exceeding expectations [14] - G Vernova's revenue reached $10.96 billion, exceeding the expected $10.21 billion, driven by a 35% year-over-year growth in electrification [20] Market Trends - The technology sector, particularly companies like Microsoft and Apple, is showing strong performance, contributing to the upward movement of the S&P 500 [3] - Demand for memory chips and data center spending is driving growth in the semiconductor industry, with ASML being a key player in this space [8][16] - The overall market is experiencing a rotation from broadening trades to a more focused market, which is seen as a positive sign for aggressive growth [3] Industry Insights - The AI data center buildout is significantly boosting demand for ASML's products, although sales to China are decelerating due to export restrictions [6][7] - Seagate's business is heavily reliant on data centers, with 87% of shipments related to this sector, indicating a healthy market for hard drives [16] - G Vernova is experiencing strong demand in electrification, with $2 billion in orders signed for data centers, although wind generation is facing challenges due to policy shifts [21][22]

Seagate Technology's shares surged in premarket trading on Wednesday after the hard drive maker forecast third-quarter revenue and profit above Wall Street expectations. The stock rose 10.3% to $410.0... ...

A Leading Indicator For Big TechIn a post on X early Wednesday, Cramer highlighted his deepening conviction in Seagate as a bellwether for the broader tech ecosystem.“The more I dig down on Seagate the more it seems that there could be a multi-year build out leading to terrific things for Google, Nvidia, Broadcom, Microsoft and Amazon,” Cramer wrote.Cramer's analysis suggests that the demand for mass storage solutions—essential for data centers and AI model training—is not a short-term spike but a long-term ...

瑞财经 严明会 1月27日,港交所文件显示，北京星辰天合科技股份有限公司（以下简称：星辰天合）向 香港交易所主板递交上市申请书，华泰国际为独家保荐人。 星辰天合成立于2015年，是一家面向AI时代的统一数据平台提供商，专注分布式存储，为企业AI创新 与数据基础设施现代化提供可靠的数据底座。 根据灼识咨询数据，按2024年装机量计算，星辰天合以10.4%的市场份额位列中国分布式AI存储市场第 二，同时是市场份额最大的独立供应商。 股权方面，董事长、总经理胥昕持股15.51%，首席技术官王豪迈持股6.65%，星辰天枢（胥昕为普通合 伙人）持股3.56%，根据一致行动人士协议，胥昕、王豪迈及星辰天枢构成单一最大股东集团，共同控 制星辰天合25.72%的表决权。 星辰天合已完成8轮融资，博裕投资、深圳见微、腾讯等参与投资。 董事会由8名董事组成，包括4名执行董事、1名非执行董事和3名独立非执行董事。执董平均年龄36岁， 创始人兼CEO胥昕35岁，CTO王豪迈33岁，两人都是90后，都曾任职UNITEDSTACK。 | 姓名: | 年齡 | ■位 | 加入本集團時間 | 獲委任為董事日期 | 主要職賣與責任 | 央会高 ...

Market Overview - U.S. stock futures rose on Wednesday following a mixed close on Tuesday, with major benchmark indices showing higher futures [1] - The CME Group's FedWatch tool indicates a 97.2% likelihood of the Federal Reserve keeping interest rates unchanged in January [2] - The 10-year Treasury bond yielded 4.24%, while the two-year bond was at 3.57% [2] Index Performance - Dow Jones increased by 0.04%, S&P 500 by 0.30%, Nasdaq 100 by 0.74%, and Russell 2000 by 0.40% in premarket trading [2] - The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 0.33% at $697.77, and Invesco QQQ Trust ETF (NASDAQ:QQQ) advanced 0.77% to $635.96 [2] Stocks in Focus - Starbucks Corp. (NASDAQ:SBUX) was down 0.76% in premarket, projected to post quarterly earnings of $0.59 per share on revenue of $9.73 billion [4] - Microsoft Corp. (NASDAQ:MSFT) rose 0.087% ahead of earnings expected to be $3.97 per share on revenue of $80.27 billion [4] - Tesla Inc. (NASDAQ:TSLA) advanced 0.23%, projected to post quarterly earnings of $0.45 per share on revenue of $24.78 billion [4] - Seagate Technology Holdings PLC (NASDAQ:STX) jumped 10.02% after reporting better-than-expected revenue and earnings, along with strong guidance [4] Economic Insights - Jeffrey Roach, Chief Economist at LPL Financial, forecasts a resilient U.S. economy in 2026, with real economic growth projected at 2.5% year-over-year and nominal growth surpassing 5% [8] - Roach emphasizes that productivity growth, particularly from early AI adoption, will support economic expansion without reigniting inflation [8] - His team maintains a "tactical neutral stance on equities," favoring large-cap growth stocks and the communication services sector [9] Upcoming Economic Data - The FOMC will announce its interest-rate decision at 2:00 p.m., followed by a press conference from Fed Chair Powell at 2:30 p.m. ET [10] Commodities and Global Markets - Crude oil futures were down 0.22% to around $62.25 per barrel, while Gold Spot rose 1.75% to approximately $5,272.90 per ounce [11] - Bitcoin (CRYPTO: BTC) was trading 1.52% higher at $89,223.76 per coin [13]

Company Performance - Seagate Technology experienced a significant stock increase of 19.1% after reporting a larger profit than analysts expected, driven by demand from artificial intelligence applications [2] - Nvidia's stock rose by 1.6%, contributing positively to the S&P 500, supported by a favorable report from ASML regarding chip-making machinery [3] - Amphenol's stock fell by 12.2% despite reporting stronger profits than forecasted, following a prior surge of 23% in the year [5] - Apple’s stock decreased by 0.7% ahead of its upcoming profit report, making it the heaviest weight on the S&P 500 due to its size [6] Market Overview - The S&P 500 index saw a minor decline of 0.57 points, closing at 6,978.03, while the Dow Jones Industrial Average rose by 12.19 points to 49,015.60, and the Nasdaq composite increased by 40.35 points to 23,857.45 [7] - The U.S. dollar stabilized after a recent decline, with Treasury Secretary Scott Bessent stating that the government is not intervening in the currency market and aims for a "strong dollar" [7] Industry Trends - Companies are under pressure to deliver solid profit growth following record stock price increases, as stock prices typically align with corporate earnings over the long term [6] - ASML's optimistic revenue forecast for 2026 has alleviated concerns about a potential bubble in AI demand, indicating sustained interest in AI technologies [4]

Core Insights - Seagate Technology Holdings Plc. is a key player in the data storage industry, focusing on innovative storage solutions and benefiting from the increasing demand for data centers and AI applications [1] Financial Performance - Seagate reported earnings per share (EPS) of $3.11, exceeding the estimated $2.78 and the Zacks Consensus Estimate of $2.83, marking a positive surprise of over 10% [2][6] - The company's revenue for the quarter was approximately $2.83 billion, surpassing the estimated $2.73 billion and showing growth from $2.33 billion reported in the same period last year [3][6] - Over the past four quarters, Seagate has consistently outperformed consensus earnings and revenue estimates, indicating strong financial growth [3] Operational Highlights - The strong results are attributed to operational execution and sustained demand for data centers, with CEO Dave Mosley noting the success of HAMR-based Mozaic products as a key factor [4] - Despite the positive earnings report, Seagate's shares remained mostly flat in extended trading, although the company provided strong guidance for the upcoming third quarter [4] Financial Metrics - The P/E ratio of approximately 46.23 indicates investor confidence, while the price-to-sales ratio of about 8.31 reflects its market value relative to revenue [5] - The negative debt-to-equity ratio of -79.27 suggests a higher level of debt compared to equity, which is a consideration for investors [5][6]

Core Viewpoint - Investors are cautioned against chasing the rally in data storage stocks, with a recommendation to focus on companies that alleviate the memory supply crunch [1] Group 1: Data Storage Companies - Micron, Western Digital, Seagate, and Sandisk have seen their shares more than triple last year due to surging AI-related demand and limited supply, granting them immense pricing power [2] - Despite the significant gains, even minor disruptions could severely impact these stocks [2] Group 2: Semiconductor Capital Equipment Makers - Companies like ASML, Applied Materials, KLA Corp, and Lam Research are suggested as a safer investment option, as they benefit from increased demand for manufacturing equipment during chip shortages [3][4] - Micron is investing billions in building new chip factories, indicating a broader trend of increased spending on semiconductor tools across the industry [3][4] Group 3: Performance and Recommendations - ASML's shares increased by 54%, Applied Materials by 58%, KLA by 93%, and Lam Research by 137% last year [5] - Investors are advised to consider buying shares of ASML, Lam Research, or KLA if their prices dip following quarterly earnings reports, while Applied Materials will report next month [5][6] - The expectation is for solid earnings from these companies, but the high valuation may warrant a pullback before buying [6]

Market Performance - The Nasdaq and S&P 500 opened positively, with the S&P 500 reaching a new all-time closing high of 6978, up by +0.41% [1] - The Dow Jones Industrial Average fell by -408.99 points, or -0.83%, primarily due to a -19% loss in UnitedHealth (UNH) following mixed Q4 results [1] Economic Reports - The Case-Shiller Home Prices for November showed a slight improvement, with a +1.4% increase, and house prices rose +0.6% month over month and +1.9% year over year, although these figures lag behind the +2.7% inflation rate [2] - Consumer Confidence for January dropped significantly to 84.5, down nearly 10 points from a revised December figure of 94.2, indicating levels typically associated with an impending recession [4][5] Company Earnings - Texas Instruments (TXN) reported Q4 earnings of $1.27 per share, missing estimates by 3 cents, with revenues of $4.42 billion also falling short of expectations [6] - F5 (FFIV) exceeded earnings expectations with $4.45 per share on revenues of $822 million, leading to a +13% increase in after-hours trading [7] - Seagate Technologies (STX) reported fiscal Q2 earnings of $3.19 per share on revenues of $2.83 billion, surpassing estimates, although shares fell -1.3% after a significant year-to-date increase of nearly +35% [9]

Core Viewpoint - Seagate Technology reported strong fiscal second-quarter results for 2026, highlighting record revenue, profitability, and demand across data center markets, driven by the ramp-up of heat-assisted magnetic recording (HAMR) products and a strategic focus on high-capacity nearline drives [3][6][2]. Financial Performance - Seagate's fiscal Q2 revenue reached $2.83 billion, marking a 7% sequential increase and a 22% year-over-year growth [7][6]. - Non-GAAP gross margin was reported at 42.2%, up 210 basis points sequentially, while non-GAAP operating margin expanded to 31.9%, an increase of 290 basis points [7][10]. - Non-GAAP earnings per share (EPS) stood at $3.11, reflecting a 19% quarter-over-quarter increase [7][10]. Product and Capacity Developments - The company shipped 190 exabytes in the quarter, a 26% increase year-over-year, with data center shipments accounting for 87% of the total volume [8][9]. - Seagate's nearline drive capacities increased by 22% year-over-year, approaching 23 terabytes per drive, with cloud customers averaging even higher capacities [6][10]. - Quarterly HAMR shipments exceeded 1.5 million units, with Mozaic 3 drives qualified with major U.S. cloud service providers (CSPs) and Mozaic 4 qualification on track [5][6]. Cash Flow and Debt Management - The company generated $607 million in free cash flow, the highest in eight years, and ended the quarter with over $1 billion in cash and cash equivalents [12][13]. - Seagate retired approximately $500 million of exchangeable senior notes and returned $154 million to shareholders through dividends, improving its net leverage ratio to 1.1x [13][12]. Future Outlook - For the March quarter, Seagate guided revenue to approximately $2.9 billion, representing a 34% year-over-year improvement at the midpoint, with non-GAAP operating margin expected to approach the mid-30s percentage range [14][15]. - Management anticipates that data center demand will offset typical seasonality in the edge IoT market, with expectations for further expansion in free cash flow driven by operational efficiency [16][14]. Pricing and Supply Agreements - Seagate has established purchase orders for all quarters of calendar 2026, with volume and pricing well defined, while indications for calendar 2027 volumes are positive but pricing remains unconfirmed [18][17]. - Executives noted that customer behavior is improving planning, enhancing visibility and factory planning for Seagate [19][17].