Jim Cramer on Seagate: “That’s a Great Thing to Be in This Environment”

Core Viewpoint - Seagate Technology Holdings plc (NASDAQ:STX) is viewed positively by Jim Cramer, who believes the stock could perform exceptionally well due to its supply constraints in the current market environment [1]. Company Overview - Seagate develops and supplies data storage solutions, including hard drives, solid-state drives, and external storage products [1]. Market Performance - The stock is currently trading at 20 times earnings and is among the top three performers in the S&P 500 [1]. - Despite its strong performance, caution is advised due to the high valuation for a storage company [1]. Investment Considerations - While Seagate shows potential as an investment, there are AI stocks that may offer greater upside potential and lower downside risk [1].