Jim Cramer Recalls Being Bullish on Micron (MU) a Year Ago

Micron Technology, Inc. (NASDAQ:MU) has softly emerged arsenic 1 of the apical semiconductor stocks successful the market. Its shares are up by a whopping 231% implicit the past year. Micron Technology, Inc. (NASDAQ:MU) is the lone American institution susceptible of manufacturing high-end representation chips and is simply a cardinal supplier to NVIDIA. Barclays substantially accrued the stock terms people to $450 from $275 successful mid-January and kept an Outperform standing connected the shares. The fiscal steadfast pointed retired that it believes Micron Technology, Inc. (NASDAQ:MU) tin proceed to payment from increasing AI request successful 2026. Cramer is besides rather bullish connected the stock, and successful this appearance, helium commented that the firm’s CEO was excessively modest:

“Last twelvemonth astatine this time, Micron had a large miss. They projected wrong. They projected excessively much, they had a batch of inventory. Obviously since then, astonishing things person happened. But, this shortage, is the making of the market. Sanjay, I was precise bullish a twelvemonth ago, I came connected this amusement and said immoderate things astir precocious bandwidth memory. That were, aggressive. And Sanjay called me, and told maine I was excessively bullish. And I look back, helium was excessively bearish. But helium had the shortfall. Cause helium had excessively overmuch inventory. I privation radical to recognize what happened. This is not a shortfall that was manufactured successful bid to rise prices. It wasn’t manufactured astatine all. There was nary mode you could spot this. . .look, present I’m looking at, this is from 2024. We expect manufacture DRAM spot request maturation to beryllium successful the precocious teens. No, it’s successful the 20s. I mean helium said that spot proviso increasing astir successful enactment with spot demand, that was wrong. NAND spot request maturation successful calendar 2024, 2025, present debased treble digits, wholly wrong. And I’m not saying that means that Sanjay was not good, helium was the best, helium was the champion and helium got it wrong. I deliberation that’s the point.”

Baird Chautauqua International and Global Growth Fund besides mentioned Micron Technology, Inc. (NASDAQ:MU) successful its third 4th 2025 capitalist letter:

“Micron Technology, Inc. (NASDAQ:MU) raised its 4Q guidance for revenues, earnings, and margins, reflecting improved pricing, peculiarly successful DRAM. There is beardown AI information halfway request for high-bandwidth memory, with CY26 capableness already afloat sold out. Guidance for the adjacent 4th is supra consensus.”

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.