Jim Cramer Calls Seagate Technology (STX) an “AI trade”

We recently published a list of Jim Cramer Recently Looked at These 18 Stocks. In this article, we are going to take a look at where Seagate Technology Holdings plc (NASDAQ:STX) stands against other stocks that Jim Cramer discusses.

During the episode, Cramer had a lot of positive things to say about Seagate Technology Holdings plc (NASDAQ:STX) as the company becomes an “AI trade.” He commented:

“We’ve also got a couple of smaller techs acting superbly. Incredibly, Seagate is on the list. For a long time, this was just another commodity tech play, but now it’s an AI trade because data centers need lots of hard drives. What a comeback. Hey, glad they could hold on for all these years.”

Seagate (NASDAQ:STX) delivers data storage solutions spanning hard drives, solid state drives, and external storage devices, while also offering an edge-to-cloud platform designed to support enterprise infrastructure across both on-premise and cloud environments. In a March episode, Cramer said that he prefers another company instead of Seagate (NASDAQ:STX) as he remarked:

Jim Cramer Calls Seagate Technology (STX) an “AI trade”

A technician configuring a network-attached storage drive.

“Alright, Seagate. Okay, now this is a very cheap stock, but cheap for a reason. It’s because the business is very cutthroat and I suggest that if you wanted to go in this business, you wanted to go into storage, I am going to send you honestly to Broadcom. I’d rather see them, they got storage too.”

Overall, STX ranks 2nd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of STX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.