Seagate's Most Important Opportunity May Be Sitting in Your Data Center

Impact · against what's priced in

The article provides no new catalyst for STX or WDC, as the strong order book and margin expansion mentioned are already incorporated into the current valuations. The market continues to discount the long-term AI storage boom despite the reported visibility into 2028.

STX+0.00

Already priced in

The price assumes

Near-term capacity allocation: the nearline drive supply being almost fully allocated through calendar 2027