Latest news with #SeagateTechnologyHoldingsplc
Hans India
an hour ago
- Business
- Hans India
Seagate Ships 30TB Drives to Meet Global Surge in Data Center AI Storage Demand
Seagate Technology Holdings plc (NASDAQ: STX), a global leader in mass-capacity data storage, today announced the global channel availability of up to 30TB Exos® M and IronWolf® Pro hard drives. Built on Seagate's Mozaic3+™ platform and powered by heat-assisted magnetic recording (HAMR) technology, these drives are engineered to meet increasing demand for scalable, high-performance storage driven by the rise of AI deployments that are supplementing traditional enterprise infrastructure development. With over one million Mozaic hard drives now shipped, Seagate has reached more than just a milestone-it has marked a defining moment that underscores the strength and maturity of its breakthrough storage technology. 'Today, approximately 90% of the world's data is stored in just 10 countries. However, data gravity is increasingly pulling networks to the edge as nearly 150 countries adopt data sovereignty requirements, and AI workloads continue to expand. Datacenters - on-prem, private, and sovereign—are leveraging AI to unlock the value of their proprietary data,' said Melyssa Banda, SVP of Edge Storage and Services, Seagate. 'Our 30TB drives are designed to support these rapidly growing trends, delivering the capacity, efficiency, and resilience needed to power the AI workloads.' Industry leaders are aligning around the fundamental data management and infrastructure shifts: "Hyperscalers and enterprise data centers are in the early stages of an all-out arms race to develop AI infrastructure resulting in rapidly increasing capex spending on performance-oriented hardware," said Ed Burns, Research Director, Hard Disk Drive and Storage Technologies at IDC. "While not often associated with performance such as low latency, the highest capacity HDDs are a critical strategic asset in the AI development process, filling the need for mass capacity storage of the foundational data essential to building and improving the highest quality AI models in the market today and into the future. Enterprise customers are seeking ways to improve the density of their data centers, lowering power consumption and square footage requirements while ensuring storage continues to meet strategic requirements, and Seagate's new 30TB Exos product is the highest density hard drive offered in the industry today. Hyperscale and enterprise data center customers looking for optimal performance and cost tradeoffs for mass-capacity storage will benefit from Seagate's HAMR product roadmap, which is poised to accelerate areal density growth rates for HDDs in the years to come." · HPE forecasts the on-prem AI market will grow at a 90% CAGR, reaching $42 billion within three years. · NVIDIA describes AI factories as 'data centers reimagined to manufacture intelligence at scale,' essential for transforming data into real-time insights across the AI lifecycle. As AI becomes central to business strategy, modernizing storage is not optional—it's foundational. 30TB Hyperscale-Grade Exos & NAS-Optimized IronWolf Pro Arrive Just in Time for On-Prem AI Edge AI is no longer a future concept—it's happening now. According to IDC, industries such as retail, manufacturing, and financial services are actively deploying AI at the edge for video analytics, predictive maintenance, and fraud detection. This shift is accelerating the adoption of disaggregated storage architectures, which decouple compute from storage to enable more flexible, scalable infrastructure. The Seagate Exos M 30TB drive is built to meet increased demand for high-capacity, energy-efficient storage—empowering organizations to scale storage, optimize data placement, and support real-time edge analytics without compromising performance or sustainability. As AI-powered applications proliferate, on-premise NAS systems are evolving into intelligent data hubs—supporting advanced workloads such as video analytics, image recognition, retrieval-augmented generation (RAG), and inferencing at the edge. The convergence of AI, IoT, and hybrid cloud is fueling demand for high-capacity, high-integrity NAS solutions that can manage large, unstructured datasets with low latency and high throughput. Recent market analysis projects the global NAS market to grow at a CAGR of over 17% through 2034, driven by digital transformation and the rise of AI and big data analytics. 'QNAP NAS systems are increasingly used for on-premise AI workloads—enabling enterprises to run local AI models and leverage RAG and LLM technologies to process and analyze local datasets,' said Dhaval Panara, Product Manager, QNAP. 'By integrating Seagate's IronWolf Pro 30TB drives, we deliver petabyte-scale, high-integrity storage that ensures fast access, reliable performance, and scalable infrastructure at the edge.
TECHx
15-07-2025
- Business
- TECHx
Seagate Launches 30TB Drives for AI and Edge Storage
Home » Emerging technologies » Storage » Seagate Launches 30TB Drives for AI and Edge Storage Seagate Technology Holdings plc (NASDAQ: STX), a mass-capacity data storage, announced the global availability of its 30TB Exos® M and IronWolf® Pro hard drives. These drives are built on Seagate's Mozaic 3+™ platform and use heat-assisted magnetic recording (HAMR) technology. The new solutions are designed to meet rising demand for scalable, high-performance storage driven by AI deployments and evolving enterprise infrastructure needs. Seagate revealed that over one million Mozaic hard drives have already been shipped. This milestone highlights the strength and maturity of the company's advanced storage technology. Melyssa Banda, SVP of Edge Storage and Services at Seagate, said AI workloads are reshaping global data flows and accelerating demand for efficient, high-capacity storage. She noted that Seagate's 30TB drives address these trends by delivering capacity, efficiency, and resilience. Industry experts agree that hyperscalers and enterprise data centers are ramping up AI infrastructure investments. Ed Burns, Research Director at IDC, stated that high-capacity HDDs are now seen as a critical asset for storing foundational data required to build high-quality AI models. Key insights include: HPE forecasts the on-prem AI market will grow at a 90% CAGR, reaching $42 billion in three years. NVIDIA describes 'AI factories' as data centers designed to transform data into intelligence at scale. As AI adoption grows, storage modernization is becoming foundational. Seagate's 30TB Exos M drive is engineered to meet demand for high-capacity, energy-efficient storage. It enables real-time edge analytics and supports scalable infrastructure without compromising performance or sustainability. The company also reported that industries like retail, manufacturing, and financial services are actively using edge AI for video analytics, fraud detection, and predictive maintenance. This shift is driving interest in disaggregated storage, which decouples compute and storage for more flexibility. With NAS systems evolving into intelligent data hubs, Seagate's IronWolf Pro 30TB drive is optimized for on-premise AI workloads. These include video analysis, image recognition, and retrieval-augmented generation (RAG). According to recent projections, the global NAS market is expected to grow at over 17% CAGR through 2034. Digital transformation and AI-driven analytics are fueling this growth. Dhaval Panara, Product Manager at QNAP, said QNAP NAS systems using IronWolf Pro 30TB drives enable enterprises to run local AI models and manage large datasets with speed and reliability. Evan Li, Head of International Business at UGREEN, added that Seagate's high-capacity drives provide the scalability and operational stability needed for AI at the edge. Seagate continues to advance its HAMR roadmap to meet growing storage needs in AI-driven environments.
Business Wire
15-07-2025
- Business
- Business Wire
Seagate Ships 30TB Drives to Meet Global Surge in Data Center AI Storage Demand
FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX), a global leader in mass-capacity data storage, today announced the global channel availability of up to 30TB Exos® M and IronWolf® Pro hard drives. Built on Seagate's Mozaic 3+™ platform and powered by heat-assisted magnetic recording (HAMR) technology, these drives are engineered to meet increasing demand for scalable, high-performance storage driven by the rise of AI deployments that are supplementing traditional enterprise infrastructure development. With over one million Mozaic hard drives now shipped, Seagate has reached more than just a milestone—it has marked a defining moment that underscores the strength and maturity of its breakthrough storage technology. With 1M+ Mozaic drives shipped, Seagate's milestone signals the strength and maturity of its breakthrough storage technology. Share 'Today, approximately 90% of the world's data is stored in just 10 countries. However, data gravity is increasingly pulling networks to the edge as nearly 150 countries adopt data sovereignty requirements, and AI workloads continue to expand. Datacenters—on-prem, private, and sovereign—are leveraging AI to unlock the value of their proprietary data,' said Melyssa Banda, SVP of Edge Storage and Services, Seagate. 'Our 30TB drives are designed to support these rapidly growing trends, delivering the capacity, efficiency, and resilience needed to power the AI workloads.' Industry leaders are aligning around the fundamental data management and infrastructure shifts: "Hyperscalers and enterprise data centers are in the early stages of an all-out arms race to develop AI infrastructure resulting in rapidly increasing capex spending on performance-oriented hardware," said Ed Burns, Research Director, Hard Disk Drive and Storage Technologies at IDC. "While not often associated with performance such as low latency, the highest capacity HDDs are a critical strategic asset in the AI development process, filling the need for mass capacity storage of the foundational data essential to building and improving the highest quality AI models in the market today and into the future. Enterprise customers are seeking ways to improve the density of their data centers, lowering power consumption and square footage requirements while ensuring storage continues to meet strategic requirements, and Seagate's new 30TB Exos product is the highest density hard drive offered in the industry today. Hyperscale and enterprise data center customers looking for optimal performance and cost tradeoffs for mass-capacity storage will benefit from Seagate's HAMR product roadmap, which is poised to accelerate areal density growth rates for HDDs in the years to come." HPE forecasts the on-prem AI market will grow at a 90% CAGR, reaching $42 billion within three years. 1 NVIDIA describes AI factories as 'data centers reimagined to manufacture intelligence at scale,' essential for transforming data into real-time insights across the AI lifecycle. 2 As AI becomes central to business strategy, modernizing storage is not optional—it's foundational. 30TB Hyperscale-Grade Exos & NAS-Optimized IronWolf Pro Arrive Just in Time for On-Prem AI Edge AI is no longer a future concept—it's happening now. According to IDC, industries such as retail, manufacturing, and financial services are actively deploying AI at the edge for video analytics, predictive maintenance, and fraud detection. This shift is accelerating the adoption of disaggregated storage architectures, which decouple compute from storage to enable more flexible, scalable infrastructure. The Seagate Exos M 30TB drive is built to meet increased demand for high-capacity, energy-efficient storage—empowering organizations to scale storage, optimize data placement, and support real-time edge analytics without compromising performance or sustainability. As AI-powered applications proliferate, on-premise NAS systems are evolving into intelligent data hubs—supporting advanced workloads such as video analytics, image recognition, retrieval-augmented generation (RAG), and inferencing at the edge. The convergence of AI, IoT, and hybrid cloud is fueling demand for high-capacity, high-integrity NAS solutions that can manage large, unstructured datasets with low latency and high throughput. Recent market analysis projects the global NAS market to grow at a CAGR of over 17% through 2034, driven by digital transformation and the rise of AI and big data analytics. 3 'QNAP NAS systems are increasingly used for on-premise AI workloads—enabling enterprises to run local AI models and leverage RAG and LLM technologies to process and analyze local datasets,' said Dhaval Panara, Product Manager, QNAP. 'By integrating Seagate's IronWolf Pro 30TB drives, we deliver petabyte-scale, high-integrity storage that ensures fast access, reliable performance, and scalable infrastructure at the edge.' 'With AI workloads increasingly moving to edge environments, reliable high-capacity storage becomes critical for local data processing. Seagate's IronWolf Pro 30TB drives provide the robust foundation UGREEN NAS systems require—delivering massive scalability and the operational stability needed for local AI applications,' said Evan Li, Head of International Business, UGREEN. Availability: The Exos M 30TB & 28TB and IronWolf Pro 30TB & 28TB drives are available now through Seagate online store as well as Seagate's authorized resellers and channel partners worldwide. Pricing: $599.99 - Exos M & IronWolf Pro 30TB; $569.99 - Exos M & IronWolf Pro 28TB For more information, please visit Seagate online store: Seagate is a global leader in mass-capacity data storage, having delivered over 4.5 billion terabytes of capacity over four decades. From edge to core to cloud, Seagate builds trust in data by delivering scalable, sustainable, and secure storage solutions. Learn more at 1. 2.
Yahoo
17-06-2025
- Business
- Yahoo
Loop Capital Markets Maintains a Buy on Seagate Technology (STX) With a $200 Price Target
Seagate Technology Holdings plc (NASDAQ:STX) is one of the . In a report released on June 9, Ananda Baruah from Loop Capital Markets maintained a Buy rating on Seagate Technology Holdings plc (NASDAQ:STX) with a price target of $200.00. The company's fiscal Q3 2025 results showed profitable year-over-year growth and margin expansion, with revenue of $2.16 billion. GAAP diluted EPS for the quarter reached $1.57, while non-GAAP diluted EPS was $1.90. A technician configuring a network-attached storage drive. Seagate Technology Holdings plc (NASDAQ:STX) reduced outstanding debt by $536 million in the quarter, with cash and cash equivalents totaling $814 million by quarter end. It generated $259 million in cash flow from operations and returned $152 million of capital to shareholders through its quarterly dividend. Seagate Technology Holdings plc (NASDAQ:STX) also declared a cash dividend of $0.72 per share. Seagate Technology Holdings plc (NASDAQ:STX) is a holding company that develops, produces, and distributes electronic data storage solutions and data storage products. Its offerings include solid-state hybrid drives, hard disk drives, solid-state drives, serial advanced technology attachment controllers, peripheral component interconnect express cards, and storage subsystems and computing solutions. While we acknowledge the potential of STX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
BofA Maintains Buy on Seagate Technology Holdings (STX) Stock, Raises PT
On May 28, BofA Securities exhibited a positive stance on Seagate Technology Holdings plc (NASDAQ:STX)'s stock by increasing the price target from $125.00 to $135.00, while maintaining a 'Buy' rating. The analyst demonstrated confidence in numerous aspects of Seagate Technology Holdings plc (NASDAQ:STX)'s business. A technician configuring a network-attached storage drive. These include the roadmap for areal density, capability to balance supply and demand across market cycles because of its customer base having few very large clients, and its cost management capabilities in future downcycles. Furthermore, the firm's analyst mentioned the long-term demand for hard disk drives (HDDs) in data centers and the expectation for elevated margin levels because of a product mix transition towards Heat-Assisted Magnetic Recording (HAMR) technology, which can be achieved without the need for incremental unit capacity investments. Overall, the optimism from BofA Securities on Seagate Technology Holdings plc (NASDAQ:STX)'s stock is mainly backed by the secular demand trends from Cloud services. The company's strong emphasis on innovation, mainly in HAMR technology, can help strengthen its competitive edge. Seagate Technology Holdings plc (NASDAQ:STX) provided new financial targets for the period through FY 2028, which are aided by HAMR technology adoption. Over FY 2025 – FY 2028, it expects revenue to see low-to-mid teens CAGR. Seagate Technology Holdings plc (NASDAQ:STX) provides data storage technology and infrastructure solutions. While we acknowledge the potential of STX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than STX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None.
