Companies / STX
NASDAQSeagate Technology Holdings (STX) in our theses
Seagate Technology Holdings appears in one of our theses. Below is why it entered the basket and how it has done since publication.
The AI data paradox: a storage explosion revives hard drives and hands their makers real pricing power
AI is generating a flood of data that lands on cheap nearline hard drives, while a consolidated two-supplier market gains pricing power and fatter margins.
Why this company: The largest maker of nearline drives and the leader in HAMR (Mozaic platform, 30TB+). Clean exposure to storage; rising exabyte shipments and a richer HAMR mix should expand gross margins markedly.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
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