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

Seagate Technology Holdings plc (NASDAQ:STX) makes and sells retention devices utilized successful idiosyncratic and endeavor computing systems. Cramer’s erstwhile comments astir the steadfast person discussed the firm’s stock terms question and postulated that the upward momentum mightiness beryllium owed to the shortage. In this appearance, helium discussed Seagate Technology Holdings plc (NASDAQ:STX) and the precocious request for retention devices:

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“Yeah, TSM already, evidently radical are saying it’s not that good. Before we had the, looks similar the shutdown’s going to end. I proceed to judge this move. . .in Seagate. These are the biggest gainers successful the S&P is remarkable. But nary 1 seemed to deliberation we would ever person this overmuch request for retention again. But you person PCs working, you person racks working, and past of people you person the information center. David, these companies were near for dormant years ago. Look astatine them. Will you look astatine them? . . .these companies are not maturation companies. . . .Seagate’s not a maturation company. I’m not funny successful taking them each the mode up.”

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.