SEAGATE Bets on MEGA drives of large size, where AI Sparks records the demand for data

Seagate Technology Holdings (Nasdak:STX) Amid efforts to develop a Solid drive 100-tribyte By 2030.

Senior Trading officials in Seaagate, BS TeH, He said CNBC on Wednesday that the data storage company aims to launch a drive with about three times the capacity of the first -class hard drive by 2030.

The largest Disk Drive Seagate, which is currently producing is a model 36-TERABYTE Exos M.

Also read: Western Digital Mostcsips Post-SANDISK restores an occasional show where the analyst highlights the HDD growth-led by artificial intelligence

TEH expressed its condemnation of the strong demand, confirming the need for the 100-tartyte hard drive. Tih also said that Seagate is amid efforts to counter the climatic concerns surrounding the requirements of artificial intelligence.

TEH has expressed its condemnation in the hard disk horizons, noting that it is a technique of more sustainable devices.

Big Tech’s 2025 Amnesty International Infrastructure Organization It included Amazon.com Inc.’s (Nasdak:amzn(100 billion dollars, followed Microsoft Corp (Nasdak:Msft) And Alphabet Inc (Nasdak:Goog(Nasdak:Googl) At 80 billion dollars each, Meta commits more than $ 60 billion.

Microsoft expects $ 80 billion on databases in 2025.

February reports indicate Meta Platforms, Inc. (Nasdak:DeadIn talks to build the AI ​​Data Data Center, costs can exceed $ 200 billion.

Seagate Technology Holdings has gained approximately 9 % on year. I mentioned Sales in the third quarter From 2.16 billion dollars (compared to $ 1.66 billion, p/year), missing the analyst of $ 2.31 billion. It was $ 1.90 amended profits for $ 1.90, and has lost the estimation of the analyst of $ 2.09.

Seagate expects the fourth quarter revenues from $ 2.25 billion to $ 2.55 billion, for an estimate of $ 2.43 billion, and modified profits from $ 2.20 to $ 2.60 per share, compared to the analyst estimating $ 2.20.

Price work: STX rose by 1.16 % at $ 94.99 in the last selection on Wednesday.

Read the following:

Photo via Shutterstock

Next UP: Convert your trading using Benzinga Edge commercial ideas and tools. Click now to reach unique visions It can put you on the competitive market today.

Get the latest stock analysis from benzinga?

This article SEAGATE Bets on MEGA drives of large size, where AI Sparks records the demand for data Originally Benzinga.com

© 2025 benzinga.com. Benzinga does not provide investment advice. All rights reserved.