Episode Details

They said hard drives were dead technology, a relic of the past. Today, Seagate Technology (STX) just proved that "spinning rust" is not only alive—it’s the backbone of the AI revolution.

In this episode, Susie and Miro break down a massive fiscal Q2 2026 for Seagate, where the stock surged nearly 10% after hours. The headline numbers were a beat, but the real story is buried in the CEO’s commentary: Seagate is effectively sold out of nearline capacity through the end of the year. 🤯

We dig into what "fully allocated through 2026" actually means for pricing leverage and why customers are begging for capacity 18 months in advance. We also unpack the "Mozaic" HAMR technology that has finally graduated from science project to enterprise standard, and why "Agentic AI" is creating a massive data tsunami that flash storage simply can’t handle.

Is this the start of a new super-cycle, or is Seagate walking a dangerous tightrope with no inventory safety net? Tune in for the unvarnished truth behind the numbers. 💾📈