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AI Boom Pushes Hard Drive Prices Up by 46% Since September

After months of rising prices for graphics cards and RAM, Artificial Intelligence has now found a new victim — hard drives.

According to a recent report from ComputerBase, the average price of high-capacity hard drives has increased by 46% since September. This sudden rise has forced PC enthusiasts and professionals to rethink their hardware investments.

The most striking example is the Seagate BarraCuda 24TB, which previously sold for around $239 and now costs nearly $500 on platforms like Amazon. Other popular models, such as Seagate’s IronWolf series and Western Digital’s WD Red line, have seen price increases ranging from 23% to 66% in just four months.

Why Are Hard Drive Prices Rising?

Although hard drives do not rely directly on HBM or DRAM memory chips, the AI infrastructure boom has triggered a domino effect. Training large language models and processing massive datasets require enormous and affordable storage. Hard drives remain the most cost-effective storage option today, outperforming SSDs in price despite being much slower.

Due to the insatiable demand from data centers, manufacturers have shifted their focus toward high-capacity enterprise drives, reducing supply for the general consumer market. Additionally, the pressure on other components, such as SSDs and RAM, has pushed the entire industry’s prices higher.

In short, building or upgrading a PC today is more expensive than it was a year ago across nearly all key components. As long as the AI boom continues to absorb production capacity, “cheap” storage may soon become a thing of the past.

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