10 Jim Cramer Stocks to Watch in 2025

2. Micron Technology Inc (NASDAQ:MU)

Number of Hedge Fund Investors: 107

In November, Cramer was asked about Micron Technology Inc (NASDAQ:MU) during a program on CNBC. Cramer said he is bullish on the stock and believes it can go higher.

“I think Micron’s ridiculous at 92-93. I pound the table. I did it again at 98. Even Sanjay Mehrotra, who’s the CEO, thought maybe I was too bullish about Micron Technology Inc (NASDAQ:MU), but you can’t be. I think this stock goes much higher. I like you in the stock.”

In the most recently reported quarter, Micron’s data center revenue made up more than 50% of its total revenue, thanks to the growing strategic significance of data center operations within the company. Strong results in the data center SSD revenue show Micron’s successful response to the surge in data center memory demand. Importantly, High Bandwidth Memory (HBM) revenue doubled sequentially, underscoring Micron’s leadership in this segment. Looking ahead, the total addressable market (TAM) for HBM is projected to grow from $16B in CY24 to over $30B in CY25, with expectations reaching $100B by CY30.

For 2025, the consensus estimates suggest a 39.58% YoY growth, with projected revenues of $35.05B, indicating significant expansion across business segments. This momentum is expected to continue into FY26, with revenues reaching $44.85B and a YoY growth of 27.97%.

Delaware Ivy Core Equity Fund stated the following regarding Micron Technology, Inc. (NASDAQ:MU) in its Q3 2024 investor letter:

Micron Technology, Inc. (NASDAQ:MU) – Fundamentals here also appear solid though concern about global demand for handsets and PCs drove the shares down during the quarter. We expect Micron to be a significant beneficiary of growth in AI demand as investment in new data centers is extremely memory (semiconductor) intensive.”