Jim Cramer Says Micron's High Bandwidth Business is "Really Terrific"

Micron Technology, Inc. (NASDAQ:MU) is one of the stocks Jim Cramer answered questions about recently. During the episode, a caller asked if the stock is a buy, and Cramer commented:

“I happen to like Micron. But remember, Micron has this DRAM, which is a commodity business, and they have this high bandwidth business that is really terrific. And I think, right now, you’d be driven by what DRAMs are doing, so, therefore, I prefer other stocks. We do have, and if you’re willing to stay tuned, we do have Broadcom reporting this week, and I like them more than Micron. But I feel awful because I like Sanjay Mehrotra so much, but he does have a hostage to some… of what I regard as commodity businesses.”

Micron Technology, Inc. (NASDAQ:MU) develops and sells advanced memory and storage solutions, including DRAM and NAND products, for data centers, mobile devices, automotive, and consumer markets under the Micron and Crucial brands. The company’s products support high-speed, high-performance computing and storage applications worldwide.

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