Stock Track | Seagate Technology Plunges 5.07% in Pre-market as Storage Sector Selloff Intensifies Ahead of Earnings

Stock Track
07/28

Seagate Technology PLC (STX) shares tumbled 5.07% in pre-market trading on Tuesday, as a broad selloff across the memory and data storage sector intensified ahead of the company's scheduled post-market earnings release.

The storage sector faced sustained and widespread selling pressure, with SanDisk and Western Digital each declining over 5%, while Micron Technology and SK Hynix also dropped sharply. Morgan Stanley previously warned that the AI-driven semiconductor storage boom is approaching an inflection point, with memory contract prices expected to peak in the fourth quarter. Additionally, ChangXin Memory Technologies' (CXMT) IPO-funded capacity expansion is viewed as a direct threat to the medium-to-long-term market share and pricing power of U.S.-listed storage companies.

Seagate is set to report quarterly earnings after market close today, with consensus EPS expectations at $4.89 and revenue projected to grow approximately 43% year-over-year. Despite positive analyst ratings—including Wedbush's $1,000 target and JPMorgan's $1,095 overweight rating—the pre-earnings bull-bear battle has notably intensified amid the broader sector headwinds, amplifying selling pressure during the pre-market session.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10