{"id":242606,"date":"2026-08-12T22:03:18","date_gmt":"2026-08-13T03:03:18","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2026\/08\/seagate-ai-runs-on-disks-nobody-else-wants-to-make-nasdaq-stx"},"modified":"2026-08-12T22:03:18","modified_gmt":"2026-08-13T03:03:18","slug":"seagate-ai-runs-on-disks-nobody-else-wants-to-make-nasdaq-stx","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2026\/08\/seagate-ai-runs-on-disks-nobody-else-wants-to-make-nasdaq-stx","title":{"rendered":"Seagate: AI Runs On Disks Nobody Else Wants To Make (NASDAQ: STX)"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/seagate-ai-runs-on-disks-nobody-else-wants-to-make-nasdaq-stx.jpg\"><\/a><\/p>\n<p>Seagate Technology (&lt;a href=\u201chttps:\/\/seekingalpha.com\/symbol\/STX#source=section%3Amain_content%7Cbutton%3Abody_link\u201d \u201c=\u201d\u201d title=\u201cSeagate Technology Holdings plc\u201d&gt;STX<\/a>) spent two decades teaching investors to sell every rally, which is why a 700% run into record margins still gets treated as a cycle to fade. But most of this commentary is missing one key fact, and that is the fact that Seagate is no longer a commodity drive maker riding an upturn, but rather, one half of a supply-disciplined duopoly selling allocated capacity on multi-year contracts. Seagate is compounding areal density while the market still prices boom-and-bust unit economics as the primary story. This, along with a new perspective on the flash-replacement argument and the cascading effects of the HAMR cost curve, leads me to rate STX a buy with 15\u201320% upside as I see the company continuing to impress investors with a renewed profit mix and valuation as we head into future quarters.<\/p>\n<p>Seagate reports earnings around <a href=\"https:\/\/investors.seagate.com\/news\/news-details\/2026\/Seagate-Technology-Reports-Fiscal-Fourth-Quarter-and-Fiscal-Year-2026-Financial-Results\/default.aspx\" rel=\"nofollow noopener\">one core franchise<\/a> following the exit of legacy consumer lines, listed below:<\/p>\n<p>Mass-capacity storage (the substantial majority of revenue): nearline hard drives for cloud and hyperscale data centers, built on the HAMR-based Mozaic platform (30TB+ drives today, 44TB ramping, ~50TB targeted for late 2027 qualification), plus VIA and enterprise drives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seagate Technology (&lt;a href=\u201chttps:\/\/seekingalpha.com\/symbol\/STX#source=section%3Amain_content%7Cbutton%3Abody_link\u201d \u201c=\u201d\u201d title=\u201cSeagate Technology Holdings plc\u201d&gt;STX) spent two decades teaching investors to sell every rally, which is why a 700% run into record margins still gets treated as a cycle to fade. But most of this commentary is missing one key fact, and that is the fact that Seagate is no longer [\u2026]<\/p>\n","protected":false},"author":630,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-242606","post","type-post","status-publish","format-standard","hentry","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/242606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/630"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=242606"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/242606\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=242606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=242606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=242606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}