Micron (MU) CEO Saw What Was Coming, Says Jim Cramer

Micron Technology, Inc. (NASDAQ:MU) is 1 of the strongest-performing stocks connected Wall Street. The shares are up by an unbelievable 305% implicit the past twelvemonth and by 20% year-to-date. Micron Technology, Inc. (NASDAQ:MU) is among the fewer companies successful the satellite that are susceptible of manufacturing high-end representation chips that are utilized successful AI GPUs. Cramer regularly discusses the steadfast and is 1 of its biggest proponents. Bernstein upgraded the stock terms people to $330 from $270 and kept an Outperform standing connected the shares successful January. TD Cowen raised the stock terms people to $450 from $300 and kept a Buy standing connected the stock. The fiscal steadfast outlined that Micron Technology, Inc. (NASDAQ:MU) could payment from the persistent shortages successful the representation market, arsenic it added that the imaginable for semipermanent agreements successful the manufacture remained high. In his erstwhile comments astir the representation company, Cramer has praised Micron Technology, Inc. (NASDAQ:MU) for capitalizing connected the shortages. In this appearance, helium remarked however the firm’s CEO was not taken earnestly earlier the shortages became apparent:

Photo by Anete Lusina connected Pexels

“Sanjay Mehrotra, did spot what was coming, helium built and built and built, and radical laughed. They each laughed. . .and it turned retired that helium was the existent deal.”

While we admit the imaginable of MU arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

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