Movement Alert|Seagate Technology Falls 4.22% in Regular Trading, Chip Sector Selloff and Profit-Taking Weigh on Storage Stocks

Market Focus06-26 21:32

On June 26, Seagate Technology fell 4.22% in regular trading, trading at approximately $978 per share, with turnover of $193 million.

On the news front, the semiconductor sector faced broad selling pressure as multiple negative catalysts hit tech sentiment simultaneously. Reports indicated that OpenAI may postpone its IPO plans, while Apple stated it is struggling to absorb continuously surging storage chip costs — both factors dragging down chip-related stocks. Additionally, the storage sector failed to sustain gains from the prior session's brief rally sparked by Micron Technology's blowout earnings, with clear profit-taking emerging across the board.

Investor concerns over high AI-sector valuations and repricing risks continued to intensify, pressuring the entire storage complex. Within the sector, SanDisk fell 7.53%, Western Digital dropped 5.17%, and Dell Technologies declined 2.49%, reflecting widespread weakness among storage and hardware names.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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