Jim Cramer Discussed These 12 Stocks & Wondered Whether He Should Melt Silver

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

Number of Hedge Fund Holdings: 105

Micron Technology, Inc. (NASDAQ:MU) is one of the strongest-performing stocks on Wall Street. The shares are up by an unbelievable 305% over the past year and by 20% year-to-date. Micron Technology, Inc. (NASDAQ:MU) is among the few companies in the world that are capable of manufacturing high-end memory chips that are used in AI GPUs. Cramer regularly discusses the firm and is one of its biggest proponents. Bernstein upgraded the share price target to $330 from $270 and kept an Outperform rating on the shares in January. TD Cowen raised the share price target to $450 from $300 and kept a Buy rating on the stock. The financial firm outlined that Micron Technology, Inc. (NASDAQ:MU) could benefit from the persistent shortages in the memory market, as it added that the potential for long-term agreements in the industry remained high. In his previous comments about the memory company, Cramer has praised Micron Technology, Inc. (NASDAQ:MU) for capitalizing on the shortages. In this appearance, he remarked how the firm’s CEO was not taken seriously before the shortages became apparent:

“Sanjay Mehrotra, did see what was coming, he built and built and built, and people laughed. They all laughed. . .and it turned out that he was the real deal.”