Jim Cramer Recently Shared His Thoughts on These 12 Stocks

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

Number of Hedge Fund Holders: 94

Micron Technology, Inc. (NASDAQ:MU) is one of the stocks Jim Cramer recently shared his thoughts on. A caller asked Cramer whether the stock remains a buy ahead of its upcoming earnings, given its upgraded guidance in August and recent strong performance driven by improved revenue and margin expectations. He replied:

“Okay, here’s the problem, Sanjay Mehrotra is the CEO is fabulous. He’s fabulous. That’s one of the reasons why the stock went up so much. But he is also prudent and he’s conservative. He may not say the words that Wall Street wants after this big run. I think you wait and see at this point. And remember again, I have said to you that I like Sanjay Mehrotra, but a stock up 80% year to date, I think that he will be prudent.”

Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage solutions, including DRAM and flash products under the Micron and Crucial brands. The company’s technologies serve data centers, mobile devices, PCs, automotive, industrial, and consumer markets.

While we acknowledge the potential of Micron Technology, Inc. (NASDAQ:MU) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MU and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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