Seagate Technology used its latest earnings call to argue that demand for high-capacity storage remains stronger than skeptics expect. CEO Dave Mosley said revenue growth in fiscal 2027 will outpace fiscal 2026 and projected full-year growth of 34%. CFO Gianluca Romano added that the company expects both quarterly revenue and gross margin to rise throughout fiscal 2027. Management also said nearline hard drive capacity has already been locked up through long-term supply agreements into 2028, while customers are showing growing interest in planning into 2029. On pricing, Mosley said contracts are typically set for one year, but customers often pay above contracted levels for extra capacity released through yield improvements, supporting a step-by-step rise in pricing. Seagate guided for roughly 57% gross margin and about 50% operating margin in the September quarter, said incremental gross margin is well above 60%, and noted that discounted pricing for early HAMR customers will be gone in that quarter. The company also said its HAMR roadmap remains on schedule, with Mosaic 3 in mass production, Mosaic 4 contributing meaningfully, and Mosaic 5 expected to begin qualification shipments by the end of 2027.

Hong Kong stocks opened in positive territory, according to market data from Gate. The Hang Seng Index rose 0.26% at the open, while the Hang Seng Tech Index gained 0.64%. Among individual names, CSPC Pharmaceutical Group and Li Auto both climbed more than 3%. In contrast, Lao Pu Gold fell nearly 13%. The move reflects the opening performance of major Hong Kong equity benchmarks and selected stocks cited in the market update.

Citrini analyst Jukan pushed back on recent bearish notes around NAND and negative headlines tied to QLC pricing talks, arguing that the market has overstated the read-through from those reports. He said SanDisk accepting a price below its initial quote in a long-term agreement with Meta was not surprising, because the company has been one of the most aggressive NAND suppliers in pursuing LTAs and plans to allocate more than 50% of its total shipments to such contracts. In that context, taking an LTA price below the current quarter’s contract level should not be used to conclude that SanDisk cannot redirect all orders to higher-bidding North American customers. Jukan also addressed talk that Chinese module makers failed to sell eSSD products to domestic cloud service providers, saying the issue was that Chinese CSPs can buy directly from YMTC rather than a sign of weak demand. On concerns that hyperscalers are pushing down QLC eSSD pricing and leaving some volume unsold, he said newer cloud players have enough demand to absorb that supply. Jukan ended by saying weak performance in storage stocks tends to amplify negative headlines even when fundamentals have not materially worsened. He reiterated that he remains bullish on storage. He had previously said DRAM contract prices still have about 40% upside through the end of 2027 and that HBM supply remains tight.

The Ledger Nano S Plus hardware wallet, an upgrade to the Nano S, brings native NFT and DeFi support, a larger display, CC EAL5+ security chip, support for over 5,500 cryptocurrencies, and a starting price of €79.

Intel reported stronger-than-expected second-quarter 2026 results after the U.S. market closed on July 23, with revenue reaching $16.1 billion and non-GAAP diluted EPS coming in at $0.42, both ahead of market expectations. The company said the quarter marked its strongest year-over-year revenue growth in 15 years, helped by accelerating demand for AI data center chips. Net income swung to a $2.2 billion profit from a loss a year earlier, and the stock rose in after-hours trading following the release. The Data Center and AI segment was the standout business line, posting $6.3 billion in quarterly revenue, up 59% from a year earlier and above analyst estimates of $5.6 billion. Intel also said its foundry business generated $5.8 billion in revenue, up 31% year over year, while yield on its 18A process node improved from 65% to 85%. The company raised its 2026 capital spending plan to $20 billion from $18 billion and projected third-quarter revenue of $15.8 billion to $16.8 billion, a range that also topped prior Wall Street expectations.

Taiwan stocks surged more than 1,200 points in early trading on May 27, with the index reaching a record 44,750. TSMC gained NT$55, while MediaTek and Delta Electronics both hit limit-up on AI-related momentum.

Taiwan semiconductor companies’ monthly revenue disclosures offered earlier public signals on the DRAM and NAND upcycle, months before Micron’s quarterly earnings confirmed the move.

Bitcoin fell 0.8% to $59,501.73. Solana gained 2.4%, Hyperliquid jumped 4.6%. Small-cap tokens like TAC (up 167.6%), Gensyn and Casper Network dominated daily gainers.