Jim Cramer commented positively on Seagate Technology Holdings plc's fiscal fourth quarter earnings, noting the results were good despite broader market concerns. Seagate's revenue grew 48.5% year-over-year to $3.6 billion, and gross margin expanded to 52.7% from 37.9% a year earlier, driven by booming demand that bulls attribute to a sustainable AI infrastructure buildout. Bears caution that the stock's 447% gain over the past year may already price in future growth and warn of potential headwinds if the industry shifts toward solid-state drives. Hedge fund interest increased, with 93 funds holding a stake in Q1 2026 compared to 74 in Q4 2025, while short interest stood at 3.7% of the float as of mid-July.
