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Why Seagate Technology Jumped Today

TheMotleyFool

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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.

The tech stock gained 12.1% in today's trading.

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. Investor sentiment may be shifting back to technology stocks as investors try to figure out how to invest in a U.S. economy that's opening back up but still facing high unemployment and inflation.

Source Fool.com

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