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Home/News Feed/Seagate's HAMR tech boosts AI storage demand, driving strong buy rating and margin growth.
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Seagate's HAMR tech boosts AI storage demand, driving strong buy rating and margin growth.

Analyst Insights
02 Apr 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Seagate Technology Holdings is rated Strong Buy as its HAMR technology moves from development to production, expanding margins and securing customer commitments. The company is positioned as a key supplier for AI infrastructure, with nearline storage capacity fully booked through 2026 and orders starting for 2027. Its Mozaic 4+ HAMR drives are already in production with major hyperscalers, supporting higher capacity and improved earnings potential. Despite a premium valuation, Seagate's forward PEG ratio and strong AI-driven demand suggest further upside for investors.

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