Shares in Seagate Technology appear to be on a roll amid claims the company may have a stake in cryptocurrency Ripple.
The data storage firm´s stock jumped by over 7% in Monday´s trading session and looked to be on course to notch up further gains on Tuesday, with the shares rising a further 1.4% in pre-market trading.
It follows online claims on Monday that Seagate could own as much as 4% of Ripple, a crypto that has surged by around 300 times over the past year.
After the close of Monday´s trading session Seagate also reported second-quarter financial guidance that exceeded analysts´ forecasts.
For its fiscal 2018 second quarter, Seagate said it expected to report revenue of around $2.9bn, with gross margin of around 30%, against record exabyte shipments.