Seagate Technology Holdings plc (NASDAQ:STX) closed at $945.57 on October 1, after a rise of more than 270% in twelve months. Hard drives were supposed to be a dying business. Flash memory was faster, the technology was decades old, and the industry had spent years competing itself down to almost no profit at all. Then AI arrived needing somewhere cheap to put enormous volumes of data. Nobody disputes that the demand is real. The question is what a commodity producer looks like once the squeeze it is enjoying comes to an end. READ ALSO: Seagate (STX) Retired its 2028 Notes. Was the Cash and Share Cost Worth it?Seagate (STX) Is Selling Into a Shortage. What Happens When It Ends?
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