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Seagate Soars on AI Storage Demand | Raleigh News
Seagate’s latest quarter smashed expectations with $3.6 billion in revenue, fueled by AI’s exploding data demands and cloud providers locking in multi-year storage contracts. Instead of scaling up physical drive production, Seagate is maximizing storage density using advanced tech like heat-assisted magnetic recording, boosting profits without proportional manufacturing growth. With customers securing capacity through 2027 and beyond, the company is riding a wave of durable demand — though risks remain from manufacturing delays or competition from NAND flash. Analysts remain bullish, citing…
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