Seagate

Mad Money host Jim Cramer asserts that the AI memory boom still has room to grow. He suggests four specific companies—Micron, SanDisk, Seagate, and Western Digital—have broken their historical pattern of market cycles.

Seagate's June-quarter earnings exceeded Wall Street expectations, leading to a stock price increase after hours. The results are described as positive news for the AI trade sector.

Seagate's CEO Dave Mosley commented that building new factories would take too long, leading to a sell-off in memory stocks. This affected not only Seagate but also Micron, SanDisk, and Western Digital, causing their shares to sink. The comment highlights the challenges in meeting demand through expanded production capacity.