Gotrade News - US chip and storage stocks rallied together on Wednesday (29/04) as four separate catalysts hit the AI semiconductor complex. Seagate's guidance, TSMC's A13 node, Marvell's Anthropic tailwind, and Intel's surprise kept the AI capex story intact.
Investors read the cluster of upbeat news as evidence that hyperscaler spending has not yet peaked. Demand from cloud giants and AI labs like Anthropic continues to flow through every layer of the chip supply chain.
Key Takeaways
- Seagate's $3.45 billion revenue outlook lifted STX +13.99% and MU +3.78%.
- AMZN commitment of $100 billion to Anthropic hands a tailwind to MRVL.
- TSM A13 node and INTC CPU rotation widen the AI winners list.
Seagate Leads Storage Rally on AI Data Retention Demand
Seagate Technology guided next-quarter revenue to $3.45 billion with adjusted EPS of $5.00, well above consensus. The Street had only modeled $3.16 billion in revenue and $3.97 in EPS for the storage hardware maker.
Shares of STX jumped 13.99% on the print, dragging Western Digital up 10.49% and SanDisk up 8.78% in the same session. MU also gained 3.78% even though it sits in a different storage product category.
According to Investing.com, Morgan Stanley flagged exponential token growth as the core driver of data retention demand. Tight memory chip pricing is also pushing customers back toward hard drives as an alternative storage tier.
Other Winners from TSMC, Marvell, and Intel
TSM unveiled the A13 node with 6% better area efficiency than its A14 predecessor. CEO C.C. Wei said customers come to TSMC for a reliable stream of new silicon technologies year after year.
MRVL emerged as a key winner from AMZN commitment to spend $100 billion on AWS to power Anthropic. Marvell holds a five-year agreement supplying AI ASICs and Trainium-related components to Amazon.
According to Barchart, Anthropic alone is committed to consuming 5 GW of Trainium capacity from AWS. That commitment lifts Marvell order flow and pushes Amazon's 2026 capex projection toward $200 billion.
INTC data center revenue surged 22% to more than $5 billion in Q1 2026 with guidance well above the Street. CEO Lip-Bu Tan said the GPU-to-CPU ratio is shifting from 8 to 1 toward 4 to 1 for AI inference workloads.
The result widens the AI winners list well beyond Nvidia and pure-play GPU vendors. Four distinct catalysts in one session show AI infrastructure spending is now spreading across every layer of the stack.
Sources
Investing.com, Seagate Outlook Lifts Storage Stocks on Surging AI Data Demand, 2026. Barchart, ALAB, MRVL: Why the Biggest Winners from Amazon's $100 Billion Anthropic Deal Could Be These 2 Stocks, 2026. Barchart, TSMC Is Doubling Down on AI With A13. Does That Make TSM Stock a Buy?, 2026. Motley Fool, Intel CEO Lip-Bu Tan Just Delivered Phenomenal News, 2026.
