Seagate

Seagate's investment case is shifting as demand for cloud and AI-related data storage accelerates, prompting analysts to re-evaluate the hard drive maker's growth prospects. The company, long seen as a cyclical hardware business, is increasingly viewed as a beneficiary of the AI infrastructure buildout, with hyperscalers needing vast storage capacity. Investors are now weighing whether this demand can sustain revenue and margins beyond a typical upgrade cycle.