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Seagate Mozaic 4 Plus HAMR Rollout Tests AI Storage Growth Story [Yahoo! Finance]
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US:NASDAQ Investor Relations: investor.wdc.com
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Seagate Technology Holdings has begun production scale deployment of its Mozaic 4+ HAMR-based hard drives with two hyperscale cloud providers. The Mozaic 4+ platform is being used in live data centers to support drive capacities up to 44TB. The rollout marks a shift from lab and qualification phases to active use in large AI focused storage environments. For investors watching NasdaqGS:STX, this move comes with the stock at $375.01 and a very large 1 year return paired with a similarly very large 3 year gain. Even with an 11.1% decline over the past week and a 13.4% decline over the past month, the shares remain up 30.4% year to date, reflecting how closely the name is tied to high capacity storage demand. Mozaic 4+ and its HAMR technology put Seagate directly in the path of AI related data growth, especially as cloud providers look for denser and more efficien
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