Seagate Technology Holdings PLC (NASDAQ:STX) shares are trading lower Tuesday after the company’s CEO recently raised concerns about the company’s capacity to meet rising demand for memory chips due to AI expansion. This has also caused peers within the sector to pull back.
Seagate stock is under selling pressure. Why is STX stock retreating?
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Seagate CEO Warns Of Capacity Constraints
During a JPMorgan conference on Monday, CEO Dave Mosley discussed challenges tied to expanding production capacity at Seagate's factories.
