Jim Cramer’s Bold Predictions About These 9 Semiconductor Stocks

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

Number of Hedge Fund Holders In Q3 2024: 107

Date of Cramer’s Comments: 12-18-24

Performance Since Then: -9.4%

Micron Technology, Inc. (NASDAQ:MU) is an American memory manufacturer that is the only US-based firm capable of making the chips. While its memory chips are used in AI GPUs, the stock has struggled as of late since Micron Technology, Inc. (NASDAQ:MU) is exposed to broader personal computing and non-AI enterprise IT spending. Since Cramer’s remarks, the shares have lost 9.4%. Two events have driven the drop. First, Micron Technology, Inc. (NASDAQ:MU)’s shares dipped by 16% after its second fiscal quarter EPS guidance of $1.43 missed analyst estimates of $1.79. Then, while the shares surged by 10.5% in January after NVIDIA confirmed that it was supplying it with memory chips for AI GPUs, they dropped by 11.7% during the DeepSeek selloff as NVIDIA’s orders were questioned. Here’s what Cramer said about the stock in December:

“and you have Micron which goes up every day which is setting up for failure unfortunately I don’t like that’s reporting tonight.”