Seagate reversed its post-earnings drop intraday at the annual-line long-term support, but with no fundamental inflection the bounce is merely technical.

Seagate is struggling to break resistance just under $700, with support at 615 down to $600; he only offers levels to watch.

The host attributes Seagate's drop despite an earnings and guidance beat to sell-the-news behavior after intraday gains and elevated expectations causing fatigue in storage names.

Despite strong results and guidance the stock fell after hours; the host notes AI hardware names have mostly sold off this earnings season regardless of results.