In response to a question from Morgan Stanley’s Erik Woodring about how agentic AI translates to HDD demand, Tan outlined what he called “three core drivers” of storage growth: ongoing AI training and retraining, inference and agentic AI producing and storing new data for future use, and “physical AI” generating synthetic datasets and associated storage needs. Tan said these dynamics support the company’s view that long-term exabyte growth will be “beyond 25% CAGR.”Tan framed the company’s strategy around w ...