Seagate Faces High Demand for Hard Drives Due to AI Growth
Seagate (STX) is experiencing high demand for its hard drives, with nearline capacity fully allocated through 2027 due to AI infrastructure expansion. The company's Mozaic HAMR technology is driving multi-year contracts with hyperscalers, leading to strong financial performance and record gross margins.
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Topics: AI infrastructure financial performance hard drive demand Mozaic HAMR Seagate supply chain