NVIDIA Corporation’s market capitalization has surpassed $4 trillion, making it the most valuable company ever, driven by skyrocketing demand for its advanced chips. This remarkable growth has been met with some investor skepticism regarding the sustainability of AI-related spending and potential revenue impacts from stringent China-related export curbs. Over the past year, NVIDIA’s shares gained 35.3% despite volatility.
In contrast, Seagate Technology Holdings plc reported a 44% year-over-year increase in revenues for the third quarter of fiscal 2026, totaling $3.11 billion, largely fueled by demand for its high-capacity storage solutions. The company projects fourth-quarter revenues of approximately $3.45 billion, alongside an expected non-GAAP diluted EPS of $5, compared to $4.1 in the previous quarter. Seagate’s free cash flow also reached $953 million, indicating strong underlying business health.
Seagate’s outlook for continued revenue growth is bolstered by rising data-center storage demand, with anticipated earnings growth rates of 84.3% this year and 85.7% next year. The Zacks Consensus Estimate for Seagate’s EPS stands at $14.93, reflecting a 51% increase year-over-year.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
