We recently published Jim Cramer’s 12 Fresh Stocks & Quantum Computing Trading Strategy. Seagate Technology Holdings plc (NASDAQ:STX) is one of the stocks Jim Cramer recently discussed. Seagate Technology Holdings plc (NASDAQ:STX) makes and sells hard disks and other storage devices used in computers. Over the six months, its shares have gained 184% and made Cramer wonder whether the firm’s market and business model mean that its multiple is too high. Cramer believes that Seagate Technology Holdings plc ( ...

Core Insights - Strong earnings, interest-rate cuts, and market optimism have contributed to an unusually strong September, with the S&P 500 nearing record highs [1] - The performance of the index is significantly influenced by major companies, particularly in the technology and storage sectors [2] Company Performance - Western Digital (WDC) has emerged as the S&P 500's second-best-performing stock, with a remarkable 87.6% increase in Q3, leading to a year-to-date return of 168.46% [3] - The growth of Western Digital is largely attributed to data-center buildouts, with revenue for fiscal 2025 reaching $9.52 billion, reflecting a 51% increase, and a forecasted 22% growth for the upcoming quarter [4] - Warner Bros. Discovery (WBD) experienced a significant rise of 70.42% in Q3, driven by plans to separate its legacy and streaming media platforms [5] - Seagate Technology (STX) also benefited from similar market conditions, achieving a 63.6% increase in Q3 [7]