Jim Cramer’s New Lightning Round: 7 Stocks Highlighted

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1. Seagate Technology Holdings plc (NASDAQ:STX)

Number of Hedge Fund Holders: 71

Seagate Technology Holdings plc (NASDAQ:STX) is one of the stocks Jim Cramer highlighted in his new lightning round. During the lightning round, a caller asked about the company, and Cramer stated:

“Okay, I’m torn about Seagate. I’ve known the company forever… From when it started. Here’s my problem: it sells at 20 times earnings. It’s the number one… I think like top three performing in the S&P 500. But at 20 times earnings, that’s a lot for a storage company. So I would be careful not to buy it at this high point. It’s just had such a big run.”

Seagate Technology Holdings plc (NASDAQ:STX) provides data storage solutions, including enterprise HDDs, SSDs, external drives, and the Lyve edge-to-cloud platform. Cramer mentioned the stock in a July episode. He commented:

“In fourth place… this is an amazing one, Seagate Technology of all things, up 67% in the first half after more than doubling from its lows in April. Seagate makes hard drives and flash-based solid state drives, basically storage hardware, the textbook commodity tech product. But right now, the hard drive business is booming, and the company announced a $5 billion buyback a little over a month ago while projecting mid-teens revenue growth through 2028. That’s not bad.

This one’s a reflection of the AI data center bull market. As long as people are building these big warehouses full of servers, they need everything that goes into a server, including storage, even if the lineage is ancient. We had a big scare earlier this year with all that DeepSeek nonsense. But once companies began reporting in April, it became clear that DeepSeek had no impact on anything, and stocks like Seagate have been making up for lost time ever since. Can it keep running? Look, if data center demand stays strong, it wouldn’t surprise me, even as this one’s just made a new all-time high today.”

While we acknowledge the potential of Seagate Technology Holdings plc (NASDAQ:STX) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than STX and that has 100x upside potential, check out our report about this cheapest AI stock.

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

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