Seagate shares drop 9%+, leading a group-wide sell-off after comments from its CEO raised concerns it won't be able to meet demand fueled by the AI buildout (CJ Haddad/CNBC)
Seagate’s sell-off reflects investor concern that storage suppliers may struggle to meet infrastructure demand from AI data center buildouts.
Excerpt
<a href="https://www.cnbc.com/2026/05/18/seagate-memory-chip-stocks-ai.html"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260518/i34.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260518/p34#a260518p34" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> CJ Haddad / <a href="http://www.cnbc.com/">CNBC</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.cnbc.com/2026/05/18/seagate-memory-chip-stocks-ai.html">Seagate shares drop 9%+, leading a group-wide sell-off after comments from its CEO raised concerns it won't be able to meet demand fueled by the AI buildout</a></b></span> — Shares of memory chip maker Seagate slipped more than 8% Monday, leading a group-wide sell-off after comments from CEO Dave Mosley raised concerns … </p>
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