Jim Cramer Recalls Being Bullish on Micron (MU) a Year Ago

We recently published 15 Stocks on Jim Cramer’s Radar.  Micron Technology, Inc. (NASDAQ:MU) is one of the stocks on Jim Cramer's radar.

Micron Technology, Inc. (NASDAQ:MU) has quietly emerged as one of the top semiconductor stocks in the market. Its shares are up by a whopping 231% over the past year. Micron Technology, Inc. (NASDAQ:MU) is the only American company capable of manufacturing high-end memory chips and is a key supplier to NVIDIA. Barclays substantially increased the share price target to $450 from $275 in mid-January and kept an Outperform rating on the shares. The financial firm pointed out that it believes Micron Technology, Inc. (NASDAQ:MU) can continue to benefit from growing AI demand in 2026. Cramer is also quite bullish on the stock, and in this appearance, he commented that the firm’s CEO was too modest:

“Last year at this time, Micron had a big miss. They projected wrong. They projected too much, they had a lot of inventory. Obviously since then, amazing things have happened. But, this shortage, is the making of the market. Sanjay, I was very bullish a year ago, I came on this show and said some things about high bandwidth memory. That were, aggressive. And Sanjay called me, and told me I was too bullish. And I look back, he was too bearish. But he had the shortfall. Cause he had too much inventory. I want people to understand what happened. This is not a shortfall that was manufactured in order to raise prices. It wasn’t manufactured at all. There was no way you could see this. . .look, here I’m looking at, this is from 2024. We expect industry DRAM bit demand growth to be in the high teens. No, it’s in the 20s. I mean he said that bit supply growing roughly in line with bit demand, that was wrong. NAND bit demand growth in calendar 2024, 2025, now low double digits, completely wrong. And I’m not saying that means that Sanjay was not good, he was the best, he was the best and he got it wrong. I think that’s the point.”

Baird Chautauqua International and Global Growth Fund also mentioned Micron Technology, Inc. (NASDAQ:MU) in its third quarter 2025 investor letter:

“Micron Technology, Inc. (NASDAQ:MU) raised its 4Q guidance for revenues, earnings, and margins, reflecting improved pricing, particularly in DRAM. There is strong AI data center demand for high-bandwidth memory, with CY26 capacity already fully sold out. Guidance for the next quarter is above consensus.”

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