Amid rising prices and shortages of memory chips, the traditional HDD market is also experiencing a boom. AI data centers have extremely high demand for storage capacity, and competition in this market is relatively moderate, primarily dominated by Seagate and Western Digital. Seagate's recently released financial results show that its revenue reached $3.11 billion, a year-on-year increase of 44%; gross margin was 46.5%; net profit was $748 million, a significant year-on-year increase of 120%.
