Jim Cramer Discussed These 10 Stocks & Commented On Gold Price

4. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holdings: 105

Memory chip manufacturer Micron Technology, Inc. (NASDAQ:MU) shares have performed well over the year as they are up by 387%. The firm is among the handful in the world capable of manufacturing advanced memory chips used inside NVIDIA’s AI GPUs. Consequently, Micron Technology, Inc. (NASDAQ:MU) has attracted the attention of several analysts. Among these are analysts from Bernstein who opened the year on a strong note for the company. They increased the share price target to $330 from $270 and kept an Outperform rating on the shares. The analysts remarked that the memory company can continue to benefit from strong memory chip prices in 2026 due to strong data center driven demand. HSBC significantly increased Micron Technology, Inc. (NASDAQ:MU)’s share price target to $500 from $350 and kept a Buy rating due to the pricing power. Cramer tied the firm’s performance to a shortage:

“Now, when you don’t have shortage, it looks like things are going to be bad for. . .Micron. But they do have shortage. Don’t misread this. This number’s been missed because they couldn’t meet demand. Not because there’s not enough demand. So the idea that today’s a down day, for these, and an up day for NVIDIA, that would be the narrative typically, I talked about that in my monthly call, which is that you can’t have both the momentum stocks, that’s . . .Micron. . .but you can’t have those go up and also have NVIDIA go up.”