Seagate Stock Soars on AI Data Center Boom

Seagate Technologys stock has surged 164% in 2026, outpacing Microns 90% gain, due to soaring demand for hard disk drives and solid-state drives in AI data centers. The companys fiscal third-quarter revenue jumped 44% to $3.11 billion, with earnings skyrocketing 116% on higher prices and supply constraints. AI data centers now account for 80% of Seagates revenue, with cloud giants securing supply deals through 2028. The data storage market could grow from $300 billion in 2026 to $985 billion by 2034, driven by AI servers sixfold increase. With a PEG ratio of 0.5, the stock appears undervalued, and analysts predict a 77% upside potential if earnings meet projections and align with broader tech valuations. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c89f53bb30cd325c