Jim Cramer Recently Discussed These 9 Stocks

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

Number of Hedge Fund Holders: 94

A caller expressed interest in starting a position in Micron Technology, Inc. (NASDAQ:MU), and Cramer remarked:

“Alright, Micron’s just okay. The last couple quarters, not great. I think you’d be doing it at the low end, there’s no doubt about that. But my problem is, I don’t know a catalyst to get it to go higher.”

Micron (NASDAQ:MU) is engaged in the development and manufacturing of memory and storage products. The company offers fast, low-latency semiconductor devices and non-volatile memory technologies. During April 8’s episode of Squawk on the Street, Cramer commented:

“[Talking about the cost of servers going up] Yes, and I think that we’re going to see surcharge, surcharge, surcharge. Micron put a surcharge on this point. They did. And yet their stock’s up. So maybe we’ll say, oh, Micron’s passing it on. Maybe we can pass it on. Micron’s stock didn’t get hurt. [In terms of relocating production]  You can go to Korea. You can go to Korea. memory is the first to go because it’s the shortest contracts. They have high bandwidth memory 20% Sanjay Mehrotra. Sanjay is, I think, the most forward-looking about what can happen because he’s in a tug-of-war against Korea. And what happens if the Koreans continue? The White House likes Korea, though. They’re making a deal.”