STX - Seagate Technology

Described as a storage (not memory) company and one of the 'big dogs' performing outstandingly, contributing to DRAM's strong run; up triple digits per the host.

One of only two large-scale hard drive makers. AI data explosion has made high-capacity drives scarce and hyperscalers are buying every drive available. Demand is expected to persist with sold-out capacity.

Old leader in memory/storage, broken down 30-40% from highs, good for buy-and-hold for long-term investors, not for trading.

Definitely trying to hold a stage two rally, which is the buy zone in his framework.

Seagate delivered revenue growth to $3.1B, 46.5% gross margin, $953M free cash flow, and early debt retirement. Stock is down 38% from highs and trading at $973; host considers it 100% cheap.

Seagate is a leader in high-capacity HDDs essential for hyperscale data centers storing AI data; very few competitors can produce enterprise-grade HDDs at scale, creating a moat.

Down 32% from highs; cited among semiconductor/storage names in the crash.

Huge beats, accelerated revenue growth (from $1.4B to $1.9B), operating margin expansion, strong free cash flow. Host calls it 'the epitome of beautiful investing' and highlights boring compounding.

The host expects Seagate earnings to be very good, with revenue up from last quarter, making it a bullish pick.

Plan to short at 61.8% Fibonacci retrace level ($975) after bounce.