Seagate Stock Gains as AI Storage Demand Fuels Record Cash Flow

Seagate Technology's stock rose by nearly 2.4% due to strong demand for storage solutions driven by the AI boom. The company reported a powerful fiscal fourth quarter with $3.6 billion in revenue, strong cash generation ($1.3 billion operating cash flow, $1.1 billion free cash flow), and continued shareholder returns. While current valuation is significantly above fair value, investors are betting on a sustained AI-driven storage cycle, with future growth dependent on margin expansion, pricing power, and scaling new platforms.