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Jim Cramer Revealed His Big AI Investing Fear & Discussed These 20 Stocks. Micron Technology, Inc. (NASDAQ:MU) is one of the stocks discussed by Jim Cramer.
Memory chip manufacturer Micron Technology, Inc. (NASDAQ:MU) is one of the hottest stocks in the AI era. The shares are up by a whopping 690% over the past year and by 143% year-to-date. Its memory chips are used in AI GPUs, which provides the firm with direct exposure to the demand boost from the AI buildout. Additionally, Micron Technology, Inc. (NASDAQ:MU)’s role in the industry is also bolstered by the fact that it is one of just three companies that are capable of making the advanced memory chips that can be used in AI GPUs. Mizuho discussed the firm on April 6th as it raised the share price target to a strong $740 from $545 and kept an Outperform rating on the stock. Cramer has discussed Micron Technology, Inc. (NASDAQ:MU) continuously since the firm started to prosper and praised its CEO for being modest. In this appearance, he briefly remarked on the firm’s market strength:
“There stuff’s in short supply, their able to raise price. Think about that. You think Conagra can raise price? You think General Mills can raise price?”
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While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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