Seagate stock surges 130% as AI data center demand lifts margins fast

Hyperscalers are buying high capacity storage at scale

Seagate Technology’s STX shares have climbed roughly 130% this year, a move analysts attribute to its role in AI infrastructure. As hyperscalers expand cloud and AI workloads, they’re snapping up high-capacity storage to handle data-heavy operations. That surge in data center demand is improving Seagate’s margins and keeping the momentum strong.