Micron Technology, Inc. (MU)'s Shares Show Semiconductor Stocks Are Okay, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Warned About Big Risk To Big Tech. Micron Technology, Inc. (NASDAQ:MU) is one of the stocks Jim Cramer recently discussed.

Memory manufacturer Micron Technology, Inc. (NASDAQ:MU)’s shares have gained 42% year-to-date primarily due to investor bullishness surrounding AI. The firm has benefited since it is the only American company capable of manufacturing the high-end memory chips that are used in NVIDIA’s AI GPUs. Micron Technology, Inc. (NASDAQ:MU)’s shares have, however, experienced some headwinds as investors have wondered whether the grants it received under the Biden administration through the CHIPS Act might be revoked by the Trump administration. Cramer reminded users that since Micron Technology, Inc. (NASDAQ:MU)’s shares were rising, the dip in Texas Instruments’ stock did not indicate broader bearishness for semiconductors:

“Micron is up so it is going to be considered to be, just about Texas Instruments that’s the issue.”

Previously, Cramer discussed Micron Technology, Inc. (NASDAQ:MU)’s products:

“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.”

While we acknowledge the potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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