Jim Cramer Discusses Seagate’s (STX) “Smart Moment”

We have recently shared Jim Cramer Made A Big Prediction About OpenAI & Discussed These 20 Stocks. Seagate Technology Holdings (NASDAQ:STX) is one of the stocks discussed by Jim Cramer.

Memory and data storage products manufacturer Seagate Technology Holdings (NASDAQ:STX)’s shares are up by 609% over the past year and by 101% year-to-date. Bank of America discussed the firm on April 20th as it raised the share price target to $605 from $450 and kept a Buy rating on the shares. In its coverage, BofA discussed the strength in data center revenue and outlined that it could help the firm offset weakness in other markets. Cramer has discussed Seagate Technology Holdings (NASDAQ:STX) several times over the past couple of months. The CNBC TV host believes that the firm, along with other computer storage hardware manufacturers, has benefited from an unexpected shortage in its industry. Seagate Technology Holdings (NASDAQ:STX) reported its earnings on the 28th, and the shares were up by as much as 17% in premarket trading on the 29th. Cramer tweeted about the earnings call:

“Smart moment on the Seagate call where they are asked to talk about use cases that use a lot of memory and can spiral into gigantic data sets: the process of FAQs”

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