Jim Cramer Discusses These 8 Stocks & Says Trump’s Focused On His Goals And Not The Market

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

Number of Hedge Fund Holders In Q4 2024: 94

Micron Technology, Inc. (NASDAQ:MU) is another stock that Cramer frequently mentions on his morning show. The memory chip maker is one of Cramer’s top chip stocks due to its exposure to high-bandwidth memory used in AI data centers. Cramer has shared that even if the Trump administration rolls back grants under the CHIPS and Science Act, Micron Technology, Inc. (NASDAQ:MU) could do well. Here are his latest comments:

“Micron was up eight points last night, people listened to the call, I told Sanjay, I told Sanjay Mehrotra that it was a terrific call. Why? Because high bandwidth memory, which is data center, was good. People have turned and just said you know what something happened between five thirty last night and now that’s negative. All I did was go to sleep.”

“I’m willing to take the opposite, when I listen to Micron, I talk to Sanjay Mehrotra, and I think the quarter’s good . . .all the, they’re going toward as fast as they can to data center, do you really want to say that NAND, their junk, is that keeping them down? Sarah, you ought to know better!”

“I still think that it’s the percentage of high bandwidth memory which, when you hear that, that means data center. The percentage of data center versus the percentage of old but the NAND, people didn’t like that. And people felt the gross margins could have expanded more by now. I think they’re asking for too much. The company is moving aggressively into the high bandwidth and data center. But it does have legacy cellphone. It does have legacy PCs. Now Michael Dell told me, the other day, that PCs are actually inflecting. So, you should take that off the table in terms of negatives. But somehow, the groupthink of the analysts, after the quarter was, you know what, we shouldn’t focus on the high bandwidth memory. Again, that’s code for data center. We should focus on legacy NAND. I think that’s quite wrong. I think that you buy Micron here. I think that Micron’s attractive under 95.”