Business · 1h ago
Seagate rides AI storage wave as cloud operators lock in nearline capacity through 2028
Seagate reports that cloud operators have booked most of its nearline hard drive capacity through 2028, driven by AI data storage demand. The company's HDD revenue rose 15% year-over-year in the latest quarter. Seagate expects continued growth as AI workloads require massive archival and cold storage.
Meridian48 take
The headline understates the shift: AI's insatiable need for cheap, high-capacity storage is reviving a technology many thought was in decline.
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