Seagate forecasts second-quarter results above estimates on AI strength

Core Viewpoint - Seagate Technology has forecasted second-quarter revenue and profit that exceed analysts' expectations, driven by strong demand for its storage devices as cloud providers increase their hardware investments [1] Group 1: Financial Performance - The company anticipates higher revenue and profit for the second quarter, indicating a positive outlook for its financial performance [1] Group 2: Market Demand - The forecast is based on robust demand for storage devices, particularly as cloud providers are expanding their investments in hardware [1]