Seagate Technology (NASDAQ: STX) and Intel (NASDAQ: INTC) are two major component suppliers for PCs and data centers. Seagate is the world's second largest maker of platter-based HDDs (hard disk drives) after Western Digital (NASDAQ: WDC), while Intel is the leading maker of x86 CPUs.
Seagate and Intel aren't direct competitors, but they're dealing with similar issues, like soft demand for PCs, sluggish enterprise spending, and macro headwinds like the trade war. Both companies are also considered "mature" tech stocks, which are generally owned for stability and income instead of breakneck growth.
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