NasdaqGS:STXTech
Why Seagate (STX) Is Up 16.6% After AI Storage Wins And Lyve Cloud Equity Deal
In recent days, Seagate Technology has reported strong fiscal Q2 2026 results, highlighted robust AI- and cloud-driven demand for its Mozaic 4+ HAMR platform, and agreed to sell its Lyve Cloud business to Wasabi Technologies in exchange for equity.
Together with multi-year storage contracts that largely commit capacity through 2026, these moves sharpen Seagate’s focus on mass-capacity drives and reinforce how central it has become to AI-scale data infrastructure.
We’ll now explore how this...