Jim Cramer Says "Micron Has Absurd Pricing Power"

Micron Technology, Inc. (NASDAQ:MU) is one of the stocks that Jim Cramer shared takes on, along with navigating market shortages. Cramer highlighted that the company is doing everything to “alleviate the shortage,” as he commented:

We’ve got a big shortage in tech, one that’s truly unlike anything I’ve ever seen. It’s about storage and memory, specifically data storage. We just don’t have enough of it for the data centers that are being put up all over this country and the world. We’ve heard this theme now from Micron and from Seagate last night. The former is a maker of sophisticated memory chips, and the latter’s known for more reasonably priced commodity disk drives. These stocks are just, you can’t even… boom. Micron’s doing everything it can to alleviate the shortage. Sanjay Mehrotra, the effervescent CEO, seems to be breaking ground everywhere. Must be carrying shovels to put up new foundries. But you can’t put these up overnight. They take years. They’re just way too complicated. In this situation, where you have NVIDIA’s new high-end chip spewing data, Micron has absurd pricing power.

Micron Technology, Inc. (NASDAQ:MU) develops memory and storage solutions, including DRAM, NAND, and SSD products, under the Micron and Crucial brands.

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