(Reuters) -Seagate Technology forecast second-quarter revenue and profit above analysts' estimates on Tuesday, betting on robust demand for its storage devices as cloud providers expand investments in hardware to support generative AI development. Shares of the company rose over 3% in extended trading. Cloud providers are pouring hundreds of billions of dollars into hardware that aids in the data-intensive process of training and running GenAI applications. Seagate, which supplies disk drives used to store vast amounts of data, has benefited from this. Seagate expects second-quarter revenue of $2.70 billion, plus or minus $100 million, compared with analysts' average estimate of $2.66 billion, according to data compiled by LSEG. It expects adjusted profit of about $2.75 per share in the cu

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