Seagate Technology Holdings makes hard disk drives and other data storage products used primarily in data centers and enterprise storage systems, one of the largest hard drive manufacturers in the world. Its hard disk drives remain an important storage technology for large-scale data centers, where the lower cost per gigabyte of hard drives compared to flash storage makes them well-suited for storing massive volumes of data that don't require the fastest possible access speeds. Seagate's business is heavily weighted toward enterprise and data center customers rather than the consumer electronics market, giving it particular exposure to cloud computing and data center capacity expansion trends. The company's revenue is tied to overall data storage demand growth, driven by increasing data generation from cloud computing and artificial intelligence workloads, along with periodic pricing cycles in the storage industry that affect both its manufacturing costs and selling prices.