Jim Cramer Recalls When He Told Micron Technology’s (MU) CEO He Loved Him

We recently published 14 Stocks Jim Cramer Discussed Including His 2 Top Quantum Computing Stocks. Micron Technology, Inc. (NASDAQ:MU) is one of the stocks Jim Cramer recently discussed.

Cramer discussed Micron Technology, Inc. (NASDAQ:MU) ahead of the firm’s fiscal fourth quarter earnings report on Tuesday. The results saw the firm report $11.3 billion in revenue, $3.03 in adjusted EPS, and $12.5 billion in fiscal first quarter revenue guidance. The three metrics beat their respective LSEG estimates of $11.22 billion, $2.86 and $11.94 billion. Cramer commented on Micron Technology, Inc. (NASDAQ:MU)’s CEO, Sanjay Mehrotra:

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“Micron reports tomorrow. And Micron’s multiple’s 20! 20!.

“Yes it does, because it happens to have a CEO. Sanjay Mehrotra, he’s prudent. . . He says look, the stock is ahead of itself. You know he does seem like that. He’s not a quantum guy or a cyber guy. You ever noticed the guys who come on from nuclear? They act like they’re gonna open nuclear power plants everywhere.

“I do caution again, that Sanjay Mehrotra, he reported a good number at Micron, but Sanjay is one of those guys he just does not,  he’s a non promotional person in an industry filled with promotional people.

“Look I once said, look I think, I came on our show here and I said, high bandwidth memory is just great and it’s like unbelievable and it’s going to be 20%, and he called me and said, Jim, why did you do that? And I said that well high bandwidth memory, he goes, you know but the rest of the business, not that great. And I don’t know, I think maybe I’d come on next day and be a little less promotional. I mean like, Sanjay I love you, Micron, great. No, no I wanna come on the next day, maybe calm your enthusiasm here. And I just came on here and I said look I probably was a little too enthusiastic.”

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Disclosure: None. This article is originally published at Insider Monkey.