Jim Cramer’s Latest Stock Moves: Top 10 Calls

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1. Micron Technology Inc (NASDAQ:MU)

Number of Hedge Funds Investors: 107

During the Lightning Round program on CNBC, Jim Cramer was asked about Micron Technology Inc (NASDAQ:MU). He said Micron is expected to be under pressure amid Trump’s policies.

“Micron is going to be under pressure. They took some money from the government; it’s not their fault. It was the money they were giving away in the chips program. If they come after—if President Trump comes after Micron, he’s coming after ..Sanjay Mehrotra (CEO) is really terrific, and he’s been an amazing man who has built a manufacturing empire in our country, along with his predecessors. That’s the jewel of our country. Please don’t go after that one, President Trump.”

Micron shares wavered amid Wall Street’s belief that the memory cycle has peaked. However, the growth in High Bandwidth Memory (HBM) demand is expected to generate roughly $3.8B in revenue this fiscal year, offsetting declines in NAND and traditional DRAM revenues. Micron’s fiscal 2026 will see peak revenue and profitability, with HBM contributing significantly to growth.

Delaware Ivy Core Equity Fund stated the following regarding Micron Technology, Inc. (NASDAQ:MU) in its Q3 2024 investor letter:

Micron Technology, Inc. (NASDAQ:MU) – Fundamentals here also appear solid though concern about global demand for handsets and PCs drove the shares down during the quarter. We expect Micron to be a significant beneficiary of growth in AI demand as investment in new data centers is extremely memory (semiconductor) intensive.”

While we acknowledge the potential of Micron Technology Inc (NASDAQ:MU), our conviction lies in the belief that under the radar 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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