“Micron (MU) Will Put Up Plants,” Says Jim Cramer

Micron Technology, Inc. (NASDAQ:MU) is 1 of the top-performing stocks successful the semiconductor sector. Its shares are up by a whopping 247% implicit the past year. Micron Technology, Inc. (NASDAQ:MU)’s value successful the spot industry, underscored by the information that it is 1 of the fewer firms susceptible of providing NVIDIA with the latest representation chips for its GPUs, means that analysts often sermon the firm. For instance, successful December, Piper Sandler raised Micron Technology, Inc. (NASDAQ:MU)’s stock terms people to $275 from $200 and kept a Buy standing connected the shares. The upgrade followed the firm’s fiscal archetypal 4th earnings, which saw its gross and EPS bushed expert estimates. More recently, UBS raised Micron Technology, Inc. (NASDAQ:MU)’s stock terms people to $400 from $300 and kept a Buy standing connected the shares. UBS explained that the bullishness stemmed from the information that AI enthusiasm had made DRAM an indispensable commodity. Cramer added that Micron Technology, Inc. (NASDAQ:MU) mightiness person to grow production:

“Micron volition enactment up plants, Micron’s bullish, bullish.”

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.