Seagate Shares Drop After Executive Mentions Long Lead Times; Chip Stocks Decline

Shares of Seagate Technology (STX) fell approximately 7% after a company executive highlighted 'very long lead times' in wafer operations, raising concerns about production delays. The broader chip sector also saw declines.

By Ravikash Bakolia, SA News Editor · Seeking Alpha · May 18, 2026, 15:28 UTC

Tickers: $STX

Topics: Seagate Technology semiconductor supply chain wafer operations

Read the full article at Seeking Alpha

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