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Barchart
Barchart
Amit Singh

Seagate Stock Is Off 27%. Why It’s Time to Buy the Dip in STX for 36% Upside.

Seagate Technology's (STX) stock has fallen more than 27% from its recent peak, giving back some of the gains from a strong year-long rally. The decline reflects both profit-taking and concerns about the sustainability of data center spending.

Investors are concerned that the hyperscale cloud providers could moderate capital expenditures, potentially slowing demand for AI infrastructure and, by extension, Seagate’s mass-capacity storage products.

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