Seagate Technology (STX) announced that its production capacity for high-capacity 30TB+ drives is fully committed through the end of 2026, driven by the burgeoning data requirements of the Artificial Intelligence era.
- The news contributed to STX stock soaring +14.00% on January 6.
- The strong demand prompted analyst upgrades, including from Morgan Stanley, validating Seagate's strategic focus on becoming a critical AI infrastructure provider.
- Analysts widely agree on continued demand visibility for Seagate's HAMR-based Mozaic drives into 2026.