Latest / Chip Stock Investor Podcast
Seagate (STX): HDDs Roar Back on AI Storage Demand
Seagate's latest results show hard disk drives making a real comeback as NAND and SSD prices rise and hyperscalers turn to HDDs for flexible, massive AI storage capacity. CSI breaks down a quarter where exabyte shipments grew 34% year over year, with 90% going to data centers, data center revenue up 57% to $2.9 billion, and total revenue up 48%.
The conversation covers Seagate's broad shipments of Mozaic 3, the ramp of 40TB-plus Mozaic 4 with the two largest global cloud service providers, and plans for Mozaic 5 qualification shipments in late 2027. We also dig into how Seagate plans to grow…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.