Seagate leads memory sell-off as CEO says it would 'take too long' to build new factories
Shares of memory chip maker Seagate slipped more than 8% Monday, leading a group-wide sell-off after comments from CEO Dave Mosley raised concerns that it won't be able to meet the soaring demand fueled by the artificial intelligence buildout.Mosley was asked at a JPMorgan conference on Monday what it would take to add unit or floor capacity to produce more chips in Seagate's factories."If we took the teams off and started building new factories or bringing up new machines, that would just take ...
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