STX - Seagate Technology

Plan to short at 61.8% Fibonacci retrace level ($975) after bounce.

Classic trend line break, expected to fill gap at $577–580. Cyclical top likely down 75% or more.

Memory/storage stock that has been on sale with massive sell-offs, part of the semiconductor positioning for second half of year.

Seagate is mentioned as up ~12% on Micron's earnings news, benefiting from the memory/storage sector rally. No specific analysis provided.

Agents generate far more data than chatbots, and all that data must be stored. Seagate is one half of the hard drive duopoly and for the first time since 2017 has real pricing power, with capacity reportedly sold out through year-end. It's described as the easy US way to play the storage layer.

CEO stated building new factories would take too long, restricting future profit growth. Stock fell 6.8% on the news.

Data storage company, $90B market cap, described as a 'massive winner' in the infrastructure/AI sector.

Grouped with Micron, SanDisk, and WDC as cyclical semiconductor/memory chip stocks vulnerable to margin compression and the end of the cycle.

Referenced as a past successful call. Felix recommended Seagate at ~$95 in May 2025, and it hit ~$800 within 12 months (745% gain). The thesis was that AI needs data storage (hard drives), not just chips. Mentioned as a case study, not a current recommendation.

Blow-off top signal with massive volume spike (11M shares vs typical 3M) on reversal. Up 1,000% in the last year. Showing clear topping signals.