Seagate reported adjusted earnings per share of $5.71 for fiscal Q4 2026. This is a pure-play AI infrastructure story. Additionally, AI and crypto are converging through decentralized AI projects, on-chain data markets, and GPU-tokenization protocols that all depend on the same underlying build-out of compute and storage infrastructure. The key metric to watch going forward is whether Seagate actually delivers on that $4.1 billion Q1 2027 revenue target. If it does, or beats it again, the AI infrastructure thesis gets another powerful data point.