Jim Cramer Discusses Micron As Its Market Cap Touches a Trillion Dollars

Micron Technology, Inc. (NASDAQ:MU) was among the stocks Jim Cramer discussed on Mad Money, highlighting several companies with market caps over a trillion dollars. Cramer mentioned the stock during the episode and said:

Micron, welcome to the trillion-dollar club. You make the best high-bandwidth memory chips, the kind that go into the data center. No wonder its market cap touched a trillion dollars today, up more than 200% this year… Micron’s now the 10th largest company in America, part of the most emotional, exciting bull market in history… Micron’s one of many semiconductor companies that have been knocking on the trillion-dollar door. It caught fire this time because memory was always a boom and bust business, but this time, the boom seems unrelenting. It’s run by the contemplative Sanjay Mehrotra, no stranger to our show, of course. He’s self-effacing and low-key. I know I’ve been far more promotional than he has about Micron’s prospects. In the end, it’s been a monumental transformation, which is why some analysts say Micron’s still cheap at these prices. And there’s a rigorous case to be made that that’s true.

Photo by Yiorgos Ntrahas on Unsplash

Micron Technology, Inc. (NASDAQ:MU) develops memory and storage solutions, including DRAM, NAND, and SSD products, under the Micron and Crucial brands.

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