The company reported a much stronger fiscal fourth quarter than Wall Street expected, with storage demand tied to cloud and AI workloads pushing revenue and profit... The company reported a much stronger fiscal fourth quarter than Wall Street expected, with storage demand tied to cloud and AI workloads pushing revenue and profit sharply higher. The simple explanation is that AI creates data, and that data has to live somewhere. TechBooky’s earlier report on AI spending, data centres and memory chips made the same point from the cost side. If AI keeps producing more data, the storage layer may remain one of the quieter winners of the compute race.