Seagate: Buy When The Market Panics Seagate benefits from rising data center storage demand and str...

Seagate: Buy When The Market Panics Seagate benefits from rising data center storage demand and stronger HDD pricing, with longer customer commitments supporting visibility and AI inference expanding storage needs. Higher-capacity HAMR drives lower manufacturing costs per terabyte, while stronger pricing and a favorable product mix could push gross margins above 65% within 2 years. Seagate's rapid deleveraging strengthens its balance sheet and reduces exposure to elevated interest rates.