Seagate Technology is trading at $801.87, down -5.57%, as disappointing forward outlooks from SanDisk and Western Digital triggered broad storage and memory-stock selling.
- Reuters reported that both companies’ quarterly results failed to sustain momentum amid elevated industry expectations.
- SanDisk’s CEO expects PC and smartphone shipments to decline by the mid-teens in 2026, reinforcing concerns about consumer-memory demand.
- The move appears primarily sector-driven, not company-specific.