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An announcement from Seagate Tech ( (STX) ) is now available.
Seagate’s CEO, Dave Mosley, will discuss a business update at the UBS Global Technology and AI Conference, highlighting the completion of HAMR drive testing with key customers and upcoming shipments. Despite increased HDD demand, production delays may impact Q3 revenue by up to $200 million, though Q2 performance aligns with expectations.
For a thorough assessment of STX stock, go to TipRanks’ Stock Analysis page.