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

Memory spot shaper Micron Technology Inc. (NASDAQ:MU) has shaped up to beryllium 1 of the astir important firms connected the banal marketplace successful today’s AI-driven epoch of investing. Its value stems from the information that it is the lone American institution susceptible of manufacturing the precocious representation chips that are utilized by NVIDIA successful its latest AI GPUs. On December 18th, Deutsche Bank raised Micron Technology Inc. (NASDAQ:MU)’s stock terms people to $300 from $280 and kept a Buy standing connected the shares. The slope explained that the representation company’s latest net study demonstrated pricing spot and beardown gross margins. In its earnings, Micron Technology Inc. (NASDAQ:MU) had posted much than 50% maturation for some its gross and net per share. In this appearance, Cramer discussed the firm’s CEO, Sanjay Mehrotra:

“I conjecture Micron, amended precocious than never. Sanjay Mehrotra has done a singular occupation and the lone happening that keeps america from talking astir Sanjay Mehrotra is Sanjay Mehrotra. I mean, obviously, I got successful interaction with him, I said, you gotta travel on. No. Why? Don’t privation to, it’s not the close time. Not the close time? It’s similar the champion clip successful Micron’s history! But Sanjay Mehrotra is not a bushed the thorax guy. He’s conscionable not.”

While we admit the imaginable of MU arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.