Seagate Technology Holdings PLC (NASDAQ:STX) shares surged following a massive third-quarter earnings beat fueled by rising artificial intelligence (AI) demand—a trend highlighted by CNBC’s Jim Cramer and detailed by CEO Dave Mosley during the company’s latest earnings call.
The ‘Smart Moment’ And Agentic AI
Following Seagate’s latest earnings call, Cramer took to X to highlight a specific exchange regarding the future of AI data storage.
“Smart moment on the Seagate call where they are asked to talk about use cases that use a lot of memory and can spiral into gigantic data sets: the process of FAQs,” Cramer posted.
He was referring to comments made by Mosely regarding the rise of Agentic AI. Mosley explained that AI-driven frequently asked questions are evolving from simple periodic queries into continuous, autonomous workflows.
These intelligent agents “reference enormous data sets to draw your conclusion and you may actually create new data,” driving an unprecedented need for mass capacity hard drives.
