ACR Alpine Capital Research LLC on Seagate
Thesis
Seagate is part of the fund's Compute Infrastructure exposure. The strategy believes AI is driving a large and sustained capital formation cycle as data-center capacity and computational workloads expand. This opportunity extends beyond processors into the broader infrastructure required to store, move and support increasing quantities of data. The fund expects continued AI and hyperscaler investment to provide a structural tailwind for companies participating in this infrastructure buildout.
“Taiwan Semiconductor, Applied Materials, Analog Devices, NVIDIA, Astera Labs and Seagate contributed meaningfully as part of our Compute Infrastructure theme.”