Last week, Seagate Technology Holdings plc (NASDAQ:STX) was a top performer with share prices hitting an all-time high, rising 17.79% thanks to strong second-quarter earnings performance.

Despite a slight dip at the end of the week, Seagate Technology saw a 76% increase in net income and a 21.5% rise in revenues year-on-year.

In the third quarter, Seagate Technology is aiming for revenues of $2.9 billion and diluted EPS of $3.40.

Chairman and CEO Dave Mosley expressed optimism in Seagate’s future, citing strong operational execution and the growing need for storage solutions in data centers.

For those considering STX as an investment, some AI stocks may offer greater potential for returns and less downside risk. Explore the best short-term AI stock in a free report.

Check out “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now” for more investment opportunities.

Disclosure: None. Source: Insider Monkey.

Read more at Yahoo Finance: Seagate (STX) Climbs 17.8% on Earnings Blowout