The rally followed a difficult month for AI infrastructure stocks, with SanDisk shares having fallen about 46.5% over the past month. Seagate's gains helped calm fears that sluggish investment in AI will impact demand in the storage industry. SanDisk and Seagate are in different storage market sectors, but both are seen as winners of growing AI data center infrastructure. Additionally, investors focused on SanDisk's upcoming fiscal fourth-quarter earnings report on Aug. 5. Seagate Beats Revenue and Earnings EstimatesSeagate's fiscal fourth-quarter earnings exceeded the median estimate of $3.48 billion, posting revenue of $3.6 billion.