Jim Cramer Says Tariff Pain Isn’t Over Yet And Reviews These 9 Stocks

2. Micron Technology Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 94

Micron Technology, Inc. (NASDAQ:MU) was discussed as a bellwether for the broader semiconductor space, especially under rising trade tensions. Despite announcing surcharges to offset costs, the stock held up, with Cramer noting that memory markets are typically the first to signal demand weakness, but Micron still looked attractive.

“[Talking about the cost of servers going up] Yes, and I think that we’re going to see surcharge, surcharge, surcharge. Micron put a surcharge on this point. They did. And yet their stock’s up. So maybe we’ll say, oh, Micron’s passing it on. Maybe we can pass it on. Micron’s stock didn’t get hurt. [In terms of relocating production]  You can go to Korea. You can go to Korea. memory is the first to go because it’s the shortest contracts. They have high bandwidth memory. Sanjay is, I think, the most forward-looking about what can happen because he’s in a tug-of-war against Korea. And what happens if the Koreans continue? The White House likes Korea, though. They’re making a deal.”

When asked by a caller during a recent program, Jim Cramer gave another positive outlook on Micron Technology Inc. (NASDAQ:MU). Here’s what he said:

“They have this high bandwidth business that is just on fire… The stock has come down to the point where it is selling at like a steel company—actually below a steel company… Even if they cut estimates big, I don’t think there’s a lot of downside and there will be upside… I’m a buyer of Micron here.”