Recently, prices of multiple components in the PC industry have surged significantly. In addition to memory modules and solid-state drives (SSDs), the prices of hard disk drives (HDDs) have also skyrocketed.

This round of price increases is mainly driven by AI demand. AI data centers have extremely high requirements for large-capacity storage, and HDDs remain indispensable. As a result, Seagate and Western Digital —the two major leading suppliers of HDDs—have seen explosive growth in their performance, which has in turn led to a sharp surge in their stock prices. Since the start of the year, their stock prices have risen by over 200%.

Dave Mosley, CEO of Seagate, stated that the company’s production capacity for ultra-large-capacity hard drives targeting the cloud market has been completely sold out for 2026, and there is even clear visibility regarding the production capacity for 2027.

Despite the current shortage of supply and rising prices, manufacturers have no plans to expand production capacity; instead, they are enjoying the current period of soaring profits.

When asked whether the company would increase production capacity due to the significant surge in demand, Dave Mosley responded that Seagate is focusing on increasing hard drive density to meet demand. The company is launching new hard drives equipped with HAMR (Heat-Assisted Magnetic Recording) technology, which can significantly increase storage capacity.