What Did Jim Cramer Say About These 19 Stocks Recently?

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3. Micron Technology Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 94

Cramer was asked about Micron Technology Inc. (NASDAQ:MU), and he defended the company:

“Okay, so 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 President Trump comes after Micron, he’s coming after me! But Sanjay Mehrotra 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.”

Parnassus Value Equity Fund stated the following regarding Micron Technology, Inc. (NASDAQ:MU) in its Q2 2024 investor letter:

“Micron Technology, Inc. (NASDAQ:MU) posted fiscal-third-quarter results that met expectations. Micron’s DRAM (dynamic random access memory) and NAND (non-volatile storage technology) segments grew revenue strongly, continuing the company’s recovery from a cyclical downturn last year. We believe Micron is well positioned to capitalize on AI-driven demand for greater memory.”

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