Jim Cramer Discusses These 11 Stocks & Reveals Why Tech Stocks Are Down

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

Number of Hedge Fund Holders In Q4 2024: 94

Micron Technology, Inc. (NASDAQ:MU) is one of the few companies in the world capable of manufacturing memory chips. Its manufacturing capabilities have placed the firm in a unique position in today’s AI race as it is NVIDIA’s premier supplier of GPU components. However, the proximity to NVIDIA has also weighed on Micron Technology, Inc. (NASDAQ:MU)’s shares as was evident by their 11% drop during January’s DeepSeek selloff. Here is what Cramer said:

“Micron, okay, it’s up nine in the evening, it’s down nine in the morning. What happened during that period? I don’t know, people watched March Madness?. . . Nothing happened. Tech, and I’m saying that could reverse. Micron is an inexpensive stock doing well. I’m using Micron please as a metaphor, don’t try to pin me down. . .”

MU is a stock Jim Cramer recently discussed. While we acknowledge the potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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