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Can Video Data Growth Drive Demand for Seagate's HDD Portfolio? [Yahoo! Finance]
Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX)
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Source: Yahoo! Finance
Last seagate technology holdings plc - ordinary shares (ireland) earnings: 4/22 04:05 pm
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US:NASDAQ Investor Relations: seagate.com/investors/overview
Seagate Technology Holdings plc STX anticipates a rise in video applications to boost demand for hard drives or HDDs. As video content volume increases, the need for scalable and cost-effective storage infrastructure grows, especially within large cloud data centers. On the last earnings call, management highlighted the accelerating pace of video creation across cloud platforms. Citing an example, STX noted that YouTube now witnesses 20 million video uploads daily, compared with a mere 2 million three years ago, underscoring how video has emerged as one of the largest contributors to data growth across cloud environments. Management highlighted that this does not yet include the entire surge of content generation expected from evolving AI-driven video applications. The emergence of Agentic AI will drive up HDD demand further as it requires continuous access to large volumes of historical data for effective planning, reasoning and decision-making. Seagate Technology Holdings PLC
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