Jim Cramer on Micron: "One of My Absolute Favorite Companies"

Micron Technology, Inc. (NASDAQ:MU) is one of the stocks Jim Cramer offered insights on. Cramer called it one of his “absolute favorite companies,” and said:

“Tuesday night, we hear from one of my absolute favorite companies, which is Micron, symbol… MU, talk about a sink or swim business. When this commodity chipmaker is plummeting, it tears your heart out, like Indiana Jones and the Temple of Doom. When it’s ramping, it, it can’t be stopped except that is by the CEO Sanjay Mehrotra. Sanjay likes to tell you the truth, and he knows that when a stock soars as much as Micron has lately, it can cause real heartache if anything at all slows down. So he calms things down. He’s a prudent person in a market that often honors recklessness. And you know what, I love that.

When you look at the outrageous trajectories in the nuclear stocks, say, or the quantum stocks, can you imagine any of those execs from those companies ever coming out like Sanjay and questioning whether their stocks should be so high? I certainly can’t. I wish more executives would be like this honest man. Either way, Micron’s had a big run. I want to wait for a pullback before I recommend it. And I gotta tell you, I really did like it… Rewind the tape. In the 80s and 90s, I was all over the thing.”

Micron Technology, Inc. (NASDAQ:MU) designs and produces memory and storage solutions, including DRAM and flash products, under the Micron and Crucial brands. The company’s technologies serve data centers, PCs, mobile devices, automotive, industrial, and consumer markets.

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