Seagate Technology's CEO, Dave Mosley, will be speaking at the UBS Global Technology and AI Conference to provide a business update. The update will cover the successful completion of HAMR drive testing with important customers and provide details on upcoming shipments.

Although there is an increase in demand for hard disk drives (HDD), the company expects that production delays could impact Q3 revenue by up to $200 million. However, Q2 performance has met expectations, indicating a stable operational outlook despite the challenges.

Investors and analysts should closely monitor developments at the conference as they may influence market perceptions of Seagate's stock performance. For a more comprehensive evaluation of STX stock, stakeholders can refer to TipRanks’ Stock Analysis page.