Seagate Technology in the Pole Position Thanks to New Exos M Storage Solutions
The revenue is expected to increase from $6.55 billion to $9.20 billion this year
With a P/E ratio of 14.4, the valuation is attractive
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Seagate Technology (STX) could benefit as a leading provider of storage solutions from what Trump called the "greatest AI infrastructure project in history." I expect new all-time highs soon. Seagate is a leading provider of HDD storage. 89% of data in data centers is still stored on HDDs today. Customer cloud investments rose nearly 50% last year and are expected to continue growing through 2025. The 50% revenue increase in Q2, combined with the highest gross margin in the December quarter in 10 years and sequentially increased capacity deliveries...
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