Jim Cramer’s Bold Predictions About These 15 AI Stocks

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

Number of Hedge Fund Holders In Q3 2024: 107

Date of Cramer’s Comments: September 9th, 2024

Performance Since Then: 15.4%

Micron Technology, Inc. (NASDAQ:MU) is a semiconductor manufacturer that is one of the few firms of its kind in the world capable of manufacturing advanced memory chips. Its shares have been on a tear in 2025 after NVIDIA CEO Jensen Huang confirmed that Micron Technology, Inc. (NASDAQ:MU)’s HBM3 memory is used in AI GPUs. The stock has gained 14% year-to-date despite falling by 11% during the DeepSeek selloff. Since Cramer’s remarks, Micron Technology, Inc. (NASDAQ:MU)’s shares have added 15.4% in gains. Here’s what he said:

“Micron Technology Inc. (NASDAQ:MU) is now in its 2025 fiscal year, where it’s expected to earn $9.59, with that number growing to nearly $13 the following year. In other words, Micron Technology Inc. (NASDAQ:MU) is trading at less than 7 times next year’s fiscal earnings estimates. That’s insanely cheap—but remember, that often means people don’t believe in the estimates. That’s how it gets to seven times. I understand that, but I think the estimates are okay.”