Seagate Technology is trading 5% down at $708.03 in pre-market as part of a broader pullback in AI and memory-related chip stocks.
- The decline follows a global selloff in memory names triggered by SK Hynix-related concerns and profit-taking after a major sector run-up.
- Market pressure is driven by investor nervousness regarding high valuations and sector volatility rather than any fresh, company-specific news overnight.