Seagate forecasts second-quarter results above estimates on AI strength
Cloud
Seagate Technology forecast second-quarter revenue and profit above analysts' estimates on Tuesday, betting on robust demand for its storage devices as cloud providers expand investments in hardware to support generative AI development. Shares of the company rose over 3 per cent in extended trading. Cloud providers are pouring hundreds of billions of dollars into hardware that aids in the data-intensive process of training and running GenAI applications. Seagate, which supplies disk drives
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