Seagate Technology is trading at $790.00 (-4.62%) in pre-market as part of a broader selloff across the memory-chip and DRAM sectors.
- The decline appears driven by sector-wide profit-taking following a strong recent run, with no company-specific catalysts identified in the news flow.
- Broader technology sentiment remains soft, with the NASDAQ trading lower as global markets adopt a more cautious, risk-off stance.
- The move aligns with general volatility in the semiconductor group, which is facing pressure despite the lack of direct negative news for the company.