Seagate (STX)’s Gains Are Remarkable, Says Jim Cramer

Core Viewpoint - Seagate Technology Holdings plc (NASDAQ:STX) is experiencing significant upward momentum in its stock price due to high demand for storage devices, despite being categorized as a non-growth company [2]. Company Overview - Seagate Technology specializes in manufacturing and selling storage devices for personal and enterprise computing systems [2]. - The company has seen remarkable gains, positioning it among the biggest gainers in the S&P [2]. Market Dynamics - The current demand for storage is attributed to the resurgence of PCs, data centers, and enterprise racks, which were previously considered stagnant [2]. - There is a noted shortage in the market that has contributed to the increased demand for Seagate's products [2]. Investment Perspective - While Seagate shows potential as an investment, there is a belief that certain AI stocks may offer better returns with lower risk [2].