Seagate leads memory sell-off as CEO says it would 'take too long' to build new factories
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Source: CNBC
Published: 2026-05-19 03:46 UTC+10:00
Section: General
Factuality Score: 95
Opinion Category: Neutral
Topics: Technology & AI, Technology
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Snippet:
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 that it won't be able to meet the soaring demand fueled by the artificial intelligence buildout.
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