Jim Cramer Says Seagate Needs a “Massive Beat and Raise” to “Keep It Running”

Group 1 - Seagate Technology Holdings plc (NASDAQ:STX) has experienced a significant stock surge of over 25% for the year due to an unexpected increase in demand from data centers [1] - The company specializes in manufacturing hard drives, solid-state drives, and storage solutions for various uses, including personal, gaming, and business applications [2] - Seagate is categorized as a "shortage stock," indicating that the demand for data storage has outpaced expectations, leading to substantial growth in its stock price [2] Group 2 - Despite the potential of Seagate as an investment, there are AI stocks that are perceived to offer greater upside potential and lower downside risk [3]