AI-storage-related stocks enter the busy earnings-announcement season in the final week of October, with 2 major companies each announcing upward revisions to their earnings forecasts. SK hynix surged, while Seagate Technology Holdings plunged.
Earnings announcements from AI-storage-related stocks coincided in the final week of October, drawing attention to the direction of the broader market. SK hynix and Seagate Technology Holdings are being highlighted as 2 representative companies.
SK hynix raised its earnings forecast, prompting a reaction in its share price. Seagate Technology Holdings also issued a similar announcement, but its share price plunged. The focus is on how the market is pricing in these moves.