Jim Cramer Wants Micron (MU) CEO to be More Exuberant

We recently published 10 Stocks Jim Cramer Discussed.  Micron Technology Inc. (NASDAQ:MU) is one of the stocks on Jim Cramer discussed.

Memory chip manufacturer Micron Technology Inc. (NASDAQ:MU) has shaped up to be one of the most important firms on the stock market in today’s AI-driven era of investing. Its importance stems from the fact that it is the only American company capable of manufacturing the advanced memory chips that are used by NVIDIA in its latest AI GPUs. On December 18th, Deutsche Bank raised Micron Technology Inc. (NASDAQ:MU)’s share price target to $300 from $280 and kept a Buy rating on the shares. The bank explained that the memory company’s latest earnings report demonstrated pricing strength and strong gross margins. In its earnings, Micron Technology Inc. (NASDAQ:MU) had posted more than 50% growth for both its revenue and earnings per share. In this appearance, Cramer discussed the firm’s CEO, Sanjay Mehrotra:

“I guess Micron, better late than never. Sanjay Mehrotra has done a remarkable job and the only thing that keeps us from talking about Sanjay Mehrotra is Sanjay Mehrotra. I mean, obviously, I got in touch with him, I said, you gotta come on. No. Why? Don’t want to, it’s not the right time. Not the right time? It’s like the best time in Micron’s history! But Sanjay Mehrotra is not a beat the chest guy. He’s just not.”

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