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Barchart
Barchart
Sohini Mondal

Is Seagate Technology Stock Outperforming the Nasdaq?

Seagate Technology STX NASX United States

Based in Livonia, Michigan, Seagate Technology Holdings plc (STX) provides data storage technology and infrastructure solutions. Valued at a market cap of $21.9 billion, the company offers mass-capacity storage products, including hard disk drives (HDDs), SSD (solid state drive), and solid-state hybrid drives (SSHD), among others. 

Companies valued at $10 billion or more are generally described as “large-cap” stocks, and Seagate Technology fits this criterion perfectly. The company is the second-largest manufacturer of hard disk drives (HDDs) in the U.S. and benefits from an industry-leading vertically-integrated operation with internal control over most of its key component suppliers. 

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