Seagate Technology's CEO, Dave Mosley, announced at the UBS Global Technology and AI Conference that the company has completed qualification testing for its HAMR-based Mozaic drives, with initial shipments expected soon for a major cloud service provider. However, Seagate faces challenges in meeting HDD demand, leading to a projected revenue impact of up to $200 million for the fiscal third quarter ending March 28, 2025, despite stable revenue expectations for the fiscal second quarter ending December 27, 2024. For more insights, visit Seagate's Investor Relations website.