We recently published 13 Latest Stocks on Jim Cramer’s Radar. Micron Technology, Inc. (NASDAQ:MU) is one of the stocks Jim Cramer recently discussed.
Micron Technology, Inc. (NASDAQ:MU)’s shares have gained 14.5% this week and closed 7.5% higher today. Media reports suggest that the stock has gained due to bullish coverage from investment bank Citi. In its analyst note, Citi raised Micron Technology, Inc. (NASDAQ:MU)’s share price target to $175 from $150 and kept a Buy rating on the shares. The bank’s analyst linked the upgrade to the bump in inference AI workloads to tailwinds for Micron Technology, Inc. (NASDAQ:MU). Cramer discussed the move:
“I’m gonna say that these funds, they smell it. They want to be in it. Micron just went up [inaudible] sixty points. Because people think that DRAM prices are getting better. I just want to warn people, that this is, what you’re seeing coming up has historically had a beginning and an end. We’re not at the beginning yet, but when it has that end, I don’t want people to like. . .
While we acknowledge the potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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