8 Stocks in Focus Under Jim Cramer’s Game Plan

5. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 94

Calling Micron Technology, Inc. (NASDAQ:MU) a “valuable chip maker”, Cramer commented:

“Then we got Micron, this very valuable chip maker, one that’s been very committed to the United States more than any other major semiconductor play. Received a $6.16 billion grant from the Biden administration as part of the CHIPS and Science Act. Well, President Trump posted it’s time for Micron to give the money back.

It could definitely be a moment to rain on Micron’s parade as I expect a decent quarter from these guys because the DRAM market’s healthy and more important, their high bandwidth memory product line is integral to the data center and it’s on fire. Should they be attacked for taking money that was offered to them? I think 99% of us would take it.”

Micron (NASDAQ:MU) designs, develops, and produces memory and storage products, providing high-speed, low-latency semiconductor devices and non-volatile memory solutions.