Jim Cramer Discussed These 18 Stocks After Major AI Event

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

Number of Hedge Fund Holders In Q3 2024: 107

Micron Technology, Inc. (NASDAQ:MU) is one of three memory manufacturers in the world – a fact that provides it with a strong moat in the industry. The stock struggled in 2024 as the firm struggled with a slow demand in the consumer market and missed its fiscal second-quarter guidance by a billion dollars. However, Micron Technology, Inc. (NASDAQ:MU) caught a break in January when NVIDIA revealed that its AI GPUs relied on the firm’s HBM memory. Its shares are up by 16.9% year-to-date, and here is what Cramer said:

“Micron was down in the dumps because it did not have good AI PCs. Who knew that all their high bandwidth, uh, memory that Jensen’s using is all Micron. Well the answer is kinda everybody.”