Seagate Technology Surges to 275th in Trading Volume with $353 Million in Shares Exchanged

On May 7, 2025, Seagate Technology (STX) saw a significant surge in trading volume, with a total of $353 million in shares exchanged, marking a 36.77% increase from the previous day. This surge placed Seagate at the 275th position in terms of trading volume for the day. The stock has been on a steady upward trajectory, rising 1.65% and accumulating a 6.04% gain over the past four days.

Seagate Technology is making ambitious plans to significantly increase the capacity of its hard drives by 2030. The company aims to launch a 100-terabyte hard drive, which would triple the capacity of its current top model. This initiative is driven by the growing demand for data storage solutions, particularly in the field of artificial intelligence (AI).

To address the increasing data demands, Seagate is focusing on sustainable hard disk drive (HDD) technology. This strategic move aligns with the broader trend of big tech companies ramping up their data storage needs, positioning Seagate as a key player in the market.

Seagate Technology will host an investor and analyst event on May 22, 2025, in New York City. The event will feature presentations by members of Seagate’s executive team, starting at 9:00 a.m. Eastern time and concluding by approximately 12:00 p.m. Eastern time. Advanced registration is required for the in-person event, and space is limited. Institutional investors and equity research analysts interested in attending can contact Investor Relations at stx@seagate.com to request an invitation. A live video webcast will be accessible from Seagate's Investor Relations website, and a replay will be made available following the event.