New Delhi, April 6 -- Keeping their bull run intact for the fourth straight day on Monday (6 April), shares of Seagate Technology, an American data storage company, surged another 9.5% to hit a fresh record high of $470, taking the four-day cumulative gain to 30%, as investors shifted their focus to memory stocks amid a slowdown in the broader tech rally.

Memory stocks have begun the year with a strong surge, with Seagate soaring nearly 50% in January to emerge as one of the best performers on the Nasdaq. Earlier in March, the company announced its next-generation Mozaic™ 4+ platform, which it claims is the industry's only heat-assisted magnetic recording (HAMR)-based storage platform deployed at scale.

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