Seagate CEO Comments Spark Memory Chip Sell-Off Amid Concerns Over Capacity Expansion

Shares of Seagate and other memory chip makers fell after the company's CEO expressed concerns about the time required to expand production capacity. The comments raised doubts over meeting surging AI-driven demand, leading to a broader selloff in the sector.

By CJ Haddad · CNBC · May 18, 2026, 17:46 UTC

Tickers: $MU $SNDK $STX $WDC

Topics: AI_demand CEO_comments memory_chips stock_selloff

Read the full article at CNBC

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