Jim Cramer Says “Micron Has Absurd Pricing Power”

We’ve got a large shortage successful tech, 1 that’s genuinely dissimilar thing I’ve ever seen. It’s astir retention and memory, specifically information storage. We conscionable don’t person capable of it for the information centers that are being enactment up each implicit this state and the world. We’ve heard this taxable present from Micron and from Seagate past night. The erstwhile is simply a shaper of blase representation chips, and the latter’s known for much reasonably priced commodity disk drives. These stocks are just, you can’t even… boom. Micron’s doing everything it tin to alleviate the shortage. Sanjay Mehrotra, the effervescent CEO, seems to beryllium breaking crushed everywhere. Must beryllium carrying shovels to enactment up caller foundries. But you can’t enactment these up overnight. They instrumentality years. They’re conscionable mode excessively complicated. In this situation, wherever you person NVIDIA’s caller high-end spot spewing data, Micron has absurd pricing power.

Stock marketplace data. Photo by Alesia Kozik connected Pexels

Micron Technology, Inc. (NASDAQ:MU) develops representation and retention solutions, including DRAM, NAND, and SSD products, nether the Micron and Crucial brands.

While we admit the imaginable of MU arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the champion short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.