Business

Business: Memory Chip Market Slump

Updated 2026-05-18 18:05 UTC 1 source Negative

Seagate's CEO, Dave Mosley, stated it would take too long to build new factories, leading to a sell-off in memory chip stocks. Shares of Seagate, Micron, SanDisk, and Western Digital fell sharply.

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CNBC

Seagate leads memory sell-off as CEO says it would 'take too long' to build new factories

Seagate CEO Dave Mosley's comment sent shares sinking, along with those of Micron, SanDisk and Western Digital.

2026-05-18 17:46 UTC