Jim Cramer Reveals Why Micron (MU) Is Better Than The Firm That Makes Betty Crocker Mixes

We recently published Jim Cramer Revealed His Big AI Investing Fear & Discussed These 20 Stocks. Micron Technology, Inc. (NASDAQ:MU) is one of the stocks discussed by Jim Cramer.

Memory chip manufacturer Micron Technology, Inc. (NASDAQ:MU) is one of the hottest stocks in the AI era. The shares are up by a whopping 690% over the past year and by 143% year-to-date. Its memory chips are used in AI GPUs, which provides the firm with direct exposure to the demand boost from the AI buildout. Additionally, Micron Technology, Inc. (NASDAQ:MU)’s role in the industry is also bolstered by the fact that it is one of just three companies that are capable of making the advanced memory chips that can be used in AI GPUs. Mizuho discussed the firm on April 6th as it raised the share price target to a strong $740 from $545 and kept an Outperform rating on the stock. Cramer has discussed Micron Technology, Inc. (NASDAQ:MU) continuously since the firm started to prosper and praised its CEO for being modest. In this appearance, he briefly remarked on the firm’s market strength:

“There stuff’s in short supply, their able to raise price. Think about that. You think Conagra can raise price? You think General Mills can raise price?”

Jim Cramer Reveals Why Micron (MU) Is Better Than The Firm That Makes Betty Crocker Mixes

Portogas D Ace/Shutterstock.com

While we acknowledge the risk and potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.