Seagate: High-Margin Storage Leader Still Offers Asymmetric Upside on AI-Driven Demand
Seagate is benefiting from accelerating AI data-center demand, with recent results showing 22% revenue growth, a 42.2% gross margin and heavy free-cash generation. The stock trades at a premium multiple, but operational leverage, multi-year order visibility and improving margins make a long trade attractive with disciplined stops.