Jim Cramer says it may be time to trim comeback stock after 441% surge
Jim Cramer says it may be time to trim comeback stock after 441% surge.
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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.
$641 million in debt was retired in a single quarter Source: April 29 Q3F26 Earnings Results.
CEO Dave Mosley described the quarter as "record margin performance" and said Seagate is "entering a new era of structural growth."
Management guided fiscal Q4 2026 revenue of $3.45 billion, plus or minus $100 million, with non-GAAP diluted EPS of $5.00, according to the company's guidance . Seagate holds a Zacks Rank #1 (Strong Buy) with an Earnings Surprise Prediction (ESP) of +1.75%, indicating a strong probability for an earnings beat.
Related: Seagate CEO drops eye-opening message on exploding AI data demand
