Jim Cramer Says Micron Stock's Pullback Presents a Gradual Buying Opportunity

Micron Technology, Inc. (NASDAQ:MU) is one of the 13 stocks recently discussed by Jim Cramer. A caller asked if Cramer thinks the company is in a better position to dominate AI over the next 5-10 years. He replied:

“I can't tell you how glad I am that you brought up Micron. Micron's stock ran up huge into the print, so to speak. And then when the print came out, it was excellent. Since then, the stock has been going down. We've seen this pattern before, by the way, you know, we saw the same pattern in TJX. It's rather remarkable. It took far longer to settle down than I thought. Micron, you buy some tomorrow, and then… you wait a 10% interval, I'm not kidding, 10% because I don't know where the bottom of this thing is, but you can start tomorrow because it's down that much from the high.”

Micron (NASDAQ:MU) develops and sells high-performance memory and storage solutions. The company serves markets ranging from data centers and mobile devices to automotive and consumer electronics.

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Disclosure: None. This article is originally published at Insider Monkey.