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Why Seagate Technology Jumped Today

·1 min read
Why Seagate Technology Jumped Today
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Shares of Seagate Technology PLC (NASDAQ: STX) jumped today after tech stocks rallied in the broader market and after an analyst's investor note suggested a new cryptocurrency could boost demand for hard disks. Many technology stocks were rebounding today after taking a hit for most of this year. Investors appear interested in tech stocks again after several months of a sell-off.