Nvidia Took 3 Years To Gain 1,330% — This Memory Stock Needed 11 Months

Seagate Technology Inc. reported a significant earnings beat, with shares jumping over 15%. This surge is part of a broader rally in memory and storage chipmakers driven by AI-related demand and a global supply crunch. Sandisk and Western Digital also saw gains, with Sandisk's stock rising 1,330% since its IPO. Seagate's earnings per share reached $3.11, exceeding expectations, and the company anticipates continued revenue growth. Analysts remain optimistic about Seagate's position in a tight supply environment, despite potential risks.