Artisan Focus Fund on Seagate Technology Holdings plc
Thesis
Seagate is a named Compute Infrastructure holding and contributed meaningfully to Q2 performance. Artisan believes the AI capital cycle is driving a broad expansion in physical computing infrastructure and data-center capacity. As the opportunity has spread from networks to semiconductors, compute, power and cooling, storage remains part of the infrastructure needed to support growing data volumes. Seagate offers exposure to this broader buildout.
“Taiwan Semiconductor, Applied Materials, Analog Devices, NVIDIA, Astera Labs and Seagate contributed meaningfully as part of our Compute Infrastructure theme.”