Jim Cramer Says Micron Needs a Massive Beat and Raise to Keep Soaring

1 week ago 8

Syeda Seirut Javed

Tue, June 23, 2026 astatine 9:31 AM CDT 1 min read

Micron Technology, Inc. (NASDAQ:MU) was among the stocks Jim Cramer discussed arsenic helium said that the Iran bid negotiations could trigger an lipid glut, chill inflation, and propulsion involvement rates down. Cramer noted what the institution needs for its banal to spell higher, arsenic helium commented:

Alright, aft the close, we get the astir consequential 4th of the week, and it's Micron. Now, this stock's up astir 300% for the year. So I deliberation Micron needs to bushed and past rise good beyond the statement to proceed to spell higher. If it does, though, this representation spot maker, it tin soar due to the fact that of the shortages. Anything little than a blowout, though, it's going to beryllium a problem. Luckily, Micron chips are successful specified abbreviated proviso that they person insane pricing power. That's large for the stock, but it's unspeakable for the consumer, arsenic these higher representation costs are present being passed connected by the likes of Apple and astir of the amusement devices that you whitethorn beryllium buying.

Photo by Yiorgos Ntrahas connected Unsplash

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

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