Why is SEAGATE TECHNOLOGY HOLDINGS stock price going up?
Bulls say
Contracts and financial guidance
Long-term volume agreements with major cloud customers, combined with recent results that beat estimates and management guidance above expectations, provide clearer revenue visibility and support earnings prospects.
Demand drivers
Growing AI workloads and increased data retention by large cloud customers are driving long-term demand for high-capacity storage, supporting stronger sales for the company.
Technology and cost reduction
Deployment of HAMR technology and plans to bring a key component in-house are reducing production costs per drive and improving gross margin potential as higher-capacity drives ramp.


