Seagate is seeing growth driven by increased demand for data center storage and stronger pricing for hard disk drives (HDDs). Longer customer commitments improve revenue visibility, while AI inference workloads are boosting storage requirements. Advances in high-capacity HAMR drives are reducing manufacturing costs per terabyte, potentially pushing gross margins above 65% within two years. Seagate's financial position is improving due to rapid deleveraging, and despite trading at a premium valuation, its projected earnings growth justifies the price. Technical analysis suggests a potential continuation of the stock's uptrend.
Seagate Technology Holdings PLC (STX) is trading at USD 872.00 on Pluang as of Oct 05, 2026 19:31 WIB, showing a 1-day gain of 2.71%. The stock's market capitalization stands at $193.05 billion, reflecting strong investor interest. This aligns with the article's note on Seagate's growth driven by data center demand and improved financials, supporting its premium valuation.
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