U.S. equity markets exhibited a divergence in performance as the S&P 500 achieved new highs during the session. The Dow Jones Industrial Average declined by 0.8%, closing at 49,003.41, while the S&P 500 advanced 0.41% to end at 6,978.60. The Nasdaq Composite Index outpaced both with a 0.9% gain, finishing at 23,817.09.
Several technology- and robotics-focused stocks captured the attention of market participants, demonstrating a range of price movements attributable to recent corporate developments and earning releases.
Seagate Technology Holdings Plc. (NASDAQ: STX)
Seagate Technology closed up 3.76% at $371.76, with intraday trading oscillating between $361 and a peak of $383.88. The stock has traded within a 52-week range of $63.21 to $383.88. Following regular hours, Seagate’s shares surged an additional 9.66%, reaching $407.64.
The company disclosed second-quarter earnings per share of $3.11, exceeding analyst projections of $2.81. Revenue climbed to $2.83 billion, surpassing the anticipated $2.73 billion and improving from $2.33 billion recorded in the prior year. Seagate attributed the robust financial outcomes primarily to heightened demand from data center clients and momentum driven by its HAMR-based Mozaic products, which integrate advanced technology in data storage.
Looking forward, Seagate issued guidance for the third quarter, projecting adjusted earnings per share ranging between $3.20 and $3.60, with revenues forecasted from $2.8 billion to $3.0 billion. Both figures lie ahead of consensus expectations on Wall Street, signaling optimism in operational execution and market demand.
Texas Instruments Inc. (NASDAQ: TXN)
Texas Instruments’ stock showed marginal movement during the regular trading hours, advancing by 0.02% to close at $196.63, with intraday levels spanning $194.34 to $198.41. The firm’s share price has fluctuated within a 52-week range of $139.95 to $221.69. After hours, shares rose 8.08% to $212.51.
In its fiscal fourth quarter, the semiconductor giant reported revenue of $4.42 billion, narrowly missing the $4.44 billion estimate. Earnings per share came in at $1.27, slightly below the consensus of $1.30. The results were impacted by a six-cent per share charge outside its original guidance, despite a 10% annual revenue increase.
Texas Instruments demonstrated sound liquidity, generating $7.2 billion in operating cash flow and $2.9 billion in free cash flow over the trailing twelve-month period. The company also maintained a robust cash position of $3.23 billion at quarter-end.
For the upcoming first quarter, Texas Instruments provided revenue guidance between $4.32 billion and $4.68 billion, with earnings guidance spanning $1.22 to $1.48 per share, projections broadly aligning with or slightly surpassing market expectations.
Richtech Robotics Inc. (NASDAQ: RR)
Richtech Robotics experienced a notable surge of 44.62%, closing the session at $5.51 after trading as high as $5.60 and as low as $4.05. The stock’s yearly range lies between $1.37 and $7.43.
The price appreciation followed the announcement of a strategic collaboration with Microsoft aimed at elevating Richtech’s artificial intelligence capabilities. The partnership focuses on the integration of Azure AI vision, voice, and reasoning tools into Richtech’s ADAM robotic platform. These enhancements enable the robot to process contextual information such as time of day, weather conditions, and in-store promotions to perform more conversational and autonomous actions.
Furthermore, the upgraded ADAM system can proactively alert operators to potential ingredient or equipment challenges before they disrupt normal operations. Richtech’s management emphasized the extension of this AI-driven platform across various sectors including logistics, hospitality, and manufacturing, all designed to avoid the need for substantial additional hardware investment.
Corning Incorporated (NYSE: GLW)
Shares of Corning jumped 15.55% to close at $109.74, with prices ranging during the day from $100.97 to a high of $113.99. The 52-week trading range for Corning spans from $37.31 to $113.99. Extended trading saw a further 3.88% increase, moving the stock to $114.
The company unveiled a significant $6 billion contract with Meta Platforms to provide data center infrastructure components. Corning’s commitment includes the supply of cutting-edge optical fiber, cabling solutions, and connectivity products tailored for high-density artificial intelligence data centers. This collaboration targets supporting Meta’s AI application demands and infrastructure operations.
To accommodate the anticipated volumes, Corning aims to boost its manufacturing capacity in North Carolina, notably expanding its Hickory optical cable facility. Meta will serve as the anchor customer for this manufacturing augmentation.
Lam Research Corporation (NASDAQ: LRCX)
Lam Research saw its shares appreciate 7.00% to finish at $238.46, with intraday prices ranging between $228.76 and $239.50—the latter establishing the stock’s 52-week high. After-hours activity added 1.07%, pushing the price to $241.
Investor attention converges on the company’s imminent earnings report scheduled for release on Wednesday. Market consensus anticipates earnings per share of $1.17. The outlook extends beyond the immediate financial performance, with market participants attentive to whether Lam Research’s management will provide positive guidance and how the company’s results compare to expectations.
Market Metrics and Rankings
Benzinga Edge Stock Rankings indicate that Seagate Technology's stock exhibits a high momentum score in the 98th percentile, while its value metric stands at the 13th percentile. These insights contribute to understanding investor sentiment and relative attractiveness among peers.
Summary
The trading session presented a varied landscape where technology and robotics enterprises recorded significant achievements either through earnings beats, strategic partnerships, or upcoming announcements expected to influence investor sentiment. Seagate Technology and Corning capitalized on substantial sales growth and new commercial agreements, respectively, while Richtech Robotics’s AI partnership catalyzed a strong stock price rally. Texas Instruments and Lam Research remain on investors’ radars as they prepare to navigate forthcoming financial disclosures and guidance.