We recently released 13 stocks reviewed by Jim Cramer. Micron Technology (NASDAQ: MU) is one of the stocks held by Jim Cramer.
Over the past few months, Cramer has been full of praise for memory chip maker Micron Technology (NASDAQ: MU ). The stock is one of the market’s best performers, up 331% last year and 24.6% year to date. Micron Technology (NASDAQ: MU ) is benefiting from strong demand for memory chips. HSBC has been very bullish on the company recently, raising its price target to $500 from $350 and maintaining a buy rating on the stock. The bank commented that Micron Technology’s (NASDAQ: MU) stock price benefited from rising DRAM prices and predicted that the company’s second-quarter operating profit may achieve high double-digit growth. In his recent comments on Micron Technology (NASDAQ: MU ), Cramer praised the company’s CEO and said the CEO was being too modest. During this appearance, he listed Micron Technology (NASDAQ: MU ) as one of the few stocks experiencing shortages:
“Okay, so, here are the stocks that have shortages that can’t be met. Micron…these stocks are up 36% [MU’s gains]. . .This starts this year.
While we acknowledge MU’s potential as an investment, we firmly believe that some AI stocks are poised to deliver higher returns with limited downside risk. If you’re looking for dirt-cheap AI stocks that are also major beneficiaries of Trump’s tariffs and outsourcing, check out our free report on AI Best Short-Term Artificial Intelligence Stocks.
Read next: 30 stocks that will double in 3 years and 11 Hidden Artificial Intelligence Stocks to Buy Right Now.
Disclosure: None. This article was originally published on Insider Monkey.