Seagate Technology is trading 4.1% down today at $842.57 as investors rotate out of memory and storage names on growing fears of an AI-related oversupply in DRAM and data storage capacity.
- The broader memory-chip group is under pressure amid reports that new Chinese DRAM capacity and sustained high output from incumbents could ease the current shortage sooner than expected.
- This potential shift in market dynamics threatens to undermine pricing power and compress profit margins for industry leaders like Seagate.