“It’s an old micron!” says Jim Kramer.
Micron Technology, Inc. (NASDAQ: MU) is one of them Jim Kramer warns viewers about FOMO and discusses these 19 stocks.
Micron Technology, Inc. (NASDAQ:MU) is the only American company that manufactures and sells cutting-edge memory chips. This will provide a wider moat for businesses, at least when it comes to domestic exposure, especially with President Trump’s efforts to expand US manufacturing. Micron Technology, Inc. (NASDAQ:MU) is also NVIDIA’s only US supplier in America, and is a high-end memory chip to Nvidia, the latter high-end AI GPU. The company’s shares have been garnering 42% since the start of the year, with the new catalyst being its third quarter revenue report, which saw Micron Technology (NASDAQ: MU) revenue of S$9.3 billion and revenue beat analyst estimates of $1.91 and $1.60. The company’s $10.7 billion guidance is also above its $9.88 billion estimate. Cramer discussed the stock’s recent performance before interviewing the CEO.
“I know David. About a year and a half ago, I had Sanjay Melotra say something incredibly bullish. He pulled me back. He said, when Jim isn’t there yet, I say to you.
Close-up view of a computer motherboard with integrated semiconductor chips.
Previously, Cramer was Micron Technology, Inc. We discussed (NASDAQ: MU) stock price performance.
“I think it’s a bit toppie. The market is a bit tockey and I think microns do come with that. Now it’s 66. I think it’s going to go down to 80 without any issues.
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Read next: Best AI stocks to buy now and According to the billionaire, 30 best stocks to buy now.
Disclosure: None. This article was originally published Insider Monkey.