Data storage bellwether Seagate Technology (STX) is higher by 7% in after-hours trading after topping fiscal fourth quarter earnings and guidance estimates.
“Our performance is being driven by robust cloud data center demand and disciplined execution, and we see momentum continuing in 2027,” said CEO Dave Mosley. “As AI accelerates data generation and its value, we see durable long-term demand for mass capacity storage.”
Peer Western Digital (WDC) is higher by 5% alongside STX’s rise.
Both names have benefited from the AI boom and the resulting demand for mass data storage, but they have also suffered as that momentum trade has reversed over the past month.
Even with the recent sharp declines, STX and WDC each remain up about 150% year-to-date.
Hyperliquid's native token HYPE (HYPE) may still be undervalued despite this year's rally, according to Grayscale Research, which argues the decentralized perpetual futures exchange trades at a discount to comparable fintech companies.
In a Tuesday note, Zach Pandl, Grayscale's head of research, estimated Hyperliquid could generate about $1 billion in earnings in 2027, driven by a recovery in crypto trading volumes and a new stablecoin partnership. Based on projected earnings per token, he estimates HYPE trades at roughly 15x-18x forward earnings, below many publicly traded fintech peers.
Pandl cautioned that the outlook depends on continued revenue growth and token supply remaining in check, with risks including weaker network activity or faster-than-expected token unlocks. Still, he said the valuation suggests HYPE remains inexpensive relative to traditional financial technology firms.
The note came as HYPE fell 3.4% over the past 24 hours, underperforming the broader CoinDesk 20 Index. The token is up 115% year-to-date but remains roughly 28% below its June record high.
Michael Saylor has a new message for the Bitcoin community: stop worrying so much about outside threats and start paying attention to what's happening inside the network.
In a post on X, the Strategy executive chairman argued that Bitcoin has already "won" the battle for mainstream acceptance. Now, he believes the bigger risk is that the community could undermine the network by changing its core consensus rules too freely.
Saylor compared Bitcoin's rules to a constitution, saying they protect the network's scarcity, security and property rights. He warned that proposals involving larger blocks, covenants or transaction censorship could weaken those principles by adding complexity, reducing scarcity or interfering with Bitcoin's fee market.
Source
This article is syndicated for educational reading. For the latest updates, visit the original publisher.
Read on coindesk.com
