Jim Cramer Reveals A Firm That’s Better Than Micron Technology Inc. (MU)

We recently published Jim Cramer Insisted Recent AI Chip Selloff Wasn’t A Bottom & Discussed These 17 Stocks. Micron Technology Inc. (NASDAQ:MU) is one of the stocks discussed by Jim Cramer.

Micron Technology Inc. (NASDAQ:MU)’s shares are up by 676% over the past year and by 200% year-to-date. Cantor Fitzgerald discussed the firm on June 29th as it raised the share price target to $2,000 from $1,500 and kept an Overweight rating on the shares. The financial firm discussed Micron Technology Inc. (NASDAQ:MU)’s long term agreements and outlined that they could account for as much as half of the chip company’s revenue. Phillip Securities also raised the share price target on the 29th. It hiked the target price to $1,870 from $530 and kept a Buy rating on the shares on the back of memory chip shortages, which could lead to more agreements for Micron Technology Inc. (NASDAQ:MU) in the future. Cramer briefly commented on the firm’s position in the industry in the context of its Korean peers:

“Look, people don’t realize these are company, SK and Samsung are the main ones. We’re very proud here of Micron, but SK hynix is really the big one.”

While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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