Seagate Technology Holdings Public Limited Company shares fall 2.74% intraday as Dell's AI server demand overshadowed by high costs.

Seagate Technology Holdings Public Limited Company fell 2.74% in intraday trading, with Dell Technologies' stock decline of 10% due to high manufacturing costs for AI-optimized servers and intensifying competition overshadowing the company's bullish demand forecast for artificial intelligence infrastructure. Dell's prioritization of fulfilling AI server orders over maintaining margins, as supply chain disruptions and expedited shipping costs added to the company's expenses, likely influenced Seagate's stock performance.