Staff work in the clean room of the facility, following the announcement of a 115 million pound investment in Next-Gen hard drive development at the Seagate plant in Londonderry, Northern Ireland, September 11, 2025. REUTERS/Cathal McNaughton
Jan 27 (Reuters) - Seagate Technology forecast third-quarter revenue and profit above Wall Street expectations on Tuesday, benefiting from strong demand for its data storage devices as enterprises scale up their use of artificial intelligence.
Tech firms are investing hundreds of billions of dollars into data centers and related infrastructure to train and run large language models. This surge in demand is benefiting hardware suppliers such as Seagate, whose hard disk drives are used to store the vast quantities of data these models require.
