5 Large-Cap Stocks That Are On Fire Right Now

4. Seagate Technology Holdings plc (NASDAQ:STX)

YTD Return as of April 27: 107.2%

On April 28, Reuters reported that Seagate Technology Holdings plc (NASDAQ:STX) forecast fourth-quarter revenue and profit above Wall Street expectations, pointing to strong demand for its data-storage hardware as enterprises step up adoption of artificial intelligence. Shares of the company rose about 10% in extended trading.

Enterprises moving quickly to integrate AI into their operations to improve speed and reduce costs are also investing in storage to manage the large volumes of data needed to build and run newer models. Seagate’s shares have doubled so far this year after more than tripling in 2025. The rally reflects strong demand tied to AI and a sharp increase in memory chip prices, which has lifted sentiment across the storage market.

The company forecast fourth-quarter revenue of $3.45 billion, plus or minus $100 million, compared with estimates of $3.16 billion, according to data compiled by LSEG. It expects quarterly adjusted earnings per share of $5, plus or minus 20 cents, while analysts are looking for $3.97. Seagate reported third-quarter revenue of $3.11 billion, ahead of estimates of $2.96 billion. Earnings came in at $3.27 per share, compared with $1.57 per share a year earlier.

Seagate Technology Holdings plc (NASDAQ:STX) provides mass data storage infrastructure solutions. Its main products are hard disk drives, commonly known as disk drives or HDDs.