I have watched Seagate's comeback story, and it has been one of the most impressive in the entire S&P 500. In fact, after the comeback, Seagate now ranks fourth in the top year-to-date S&P 500 performers according to Slickcharts.
That performance is after Sandisk, Dell, and Micron. But on Friday, July 17, Jim Cramer posted on X (formerly Twitter) something you should pay attention to, and it was not a buy call.
Comeback in Seagate is impressive, even as I think it might be an excellent opportunity to trim if you don't have much cash on hand.
Seagate Technology (STX) closed the week at $787.66, up 5.66% on the session, according to Yahoo Finance. The stock is up 186.72% year-to-date and 441.28% over the past year. You may think those are typos, but they're not. The three-year return stands at 1,285.43%.
Cramer is not calling this a sell. No. He is calling it a trim, and the distinction matters.
Knowing when to lock in your profits and exactly when to trim a winner is an elite skill. So Cramer is acknowledging the comeback while flagging that investors who are light on cash might use the strength to rebalance rather than hold a position that has compounded this dramatically heading into July 28 earnings.
Also Read: Seagate Technology Holdings PLC Latest News and Stories
The Seagate story in 2026 is a direct function of what Artificial Intelligence (AI) infrastructure spending requires, at scale. Training and serving large language models generate enormous quantities of data.
That data needs somewhere to live, and hard disk drives remain the most cost-efficient mass-capacity storage medium available at hyperscale.
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Seagate's HAMR technology, which uses heat-assisted magnetic recording to pack vastly more data onto each drive, is the product innovation that elevated the company from a commoditized hardware maker into a differentiated AI infrastructure supplier.
The Mozaic 3 platform reached full qualification across all planned cloud service providers earlier in 2026, and Mozaic 4 has two customers already qualified, according to the company's March 3 disclosures.
The financial results themselves validated the structural shift.
Q3 fiscal 2026 revenue came in at $3.11 billion
Free cash flow of $953 million
$641 million in debt was retired in a single quarterSource: April 29 Q3F26 Earnings Results.
Source: Yahoo Finance Top News — This article was automatically imported from the source. Read full article at original source →
