Was Jim Cramer Right About These 23 Stocks?

18. Micron Technology Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 94

Micron Technology Inc. (NASDAQ:MU) is one of the largest U.S. producers of memory and storage solutions, including DRAM and NAND chips. Cramer called Micron a semiconductor play with exposure to AI, auto, and industrial markets.

“Micron actually represents all sorts of industries—auto, industrial, you name it. It’s the broaden semiconductor play like Super Micro.”

Micron Technology Inc. (NASDAQ:MU) has fallen by 13.77% since the show aired.

On the 14^th of March, Cramer has warned about the impact on the firm from the President possibly retracting CHIPS Act investments. He has, however, remained upbeat about Micron Technology, Inc. (NASDAQ:MU)’s CEO, saying:

“[On Micron’s gains] Okay, so that is a good example. That if I were the President, I’d be saying, you know watch Micron, it’s up seven. And I would say Micron owes the US money because they got money from the CHIPS Act. And then he would say, I didn’t mean to hurt them, you have to take pain. And I’d be like, gratuitous. Now Micron is you know my favorite, I said earlier this week that people should buy it. I think Sanjay Mehrotra’s terrific. They have high bandwidth memory. But I will point out. They were involved with the CHIPS Act. And anybody’s involved with the CHIPS Act is considered radioactive. By the President. Be careful. I mean I think Sanjay’s great. I hope Sanjay is not in the crosshairs. They were trying to give money away. And if they call you and say, listen, we’d like to give you five billion, your natural reaction is not to say, woah, I don’t need that five. It’s more like, okay. Okay.”