Seagate's AI-driven storage demand boosts stock value

fool.com

Seagate Technology's stock has surged 73% in 2025, significantly outpacing the Nasdaq, driven by increased demand for storage in AI data centers. This growth stems from a 43% year-over-year revenue increase in the first nine months of fiscal 2025, reaching $6.65 billion, and a more than fourfold jump in adjusted income, fueled by demand for mass storage. Seagate anticipates the data center storage market to reach $23 billion by 2028. Trading at a discount compared to the tech sector, Seagate's strong earnings outlook and attractive valuation make it a compelling investment for those seeking exposure to the growing AI market.


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Seagate's AI-driven storage demand boosts stock value | News Minimalist