Jim Cramer Reveals Why Micron (MU)’s Shares Performed Well

We recently published 11 Stocks on Jim Cramer’s Radar.  Micron Technology, Inc. (NASDAQ:MU) is one of the stocks on Jim Cramer radar.

Micron Technology, Inc. (NASDAQ:MU) is one of the top-performing semiconductor stocks on the market. Over the year, the shares have gained 236%. It is the only American company capable of manufacturing high-end memory chips that are used in NVIDIA’s AI GPUs. Analysts started 2026 on a high note for Micron Technology, Inc. (NASDAQ:MU)’s shares with Bernstein raising the share price target to $330 from $270 and keeping an Outperform rating. At the heart of the coverage was the financial firm’s opinion about the firm’s memory prices as it commented that the prices should continue to rise in 2026. Micron Technology, Inc. (NASDAQ:MU) is also preparing to expand its capacity as the firm revealed in its latest earnings report that it now expects to spend $20 billion in fiscal 2026 which was significantly higher than the previous $18 billion estimate. Cramer discussed Micron Technology, Inc. (NASDAQ:MU)’s memory chips, the firm’s partnership with NVIDIA, and why the shares had a strong start to 2026:

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“It’s because NVIDIA went and bought a huge amount of high-bandwidth memory. They like, cornered a lot of it. And that’s why Micron goes up constantly. Because we’re not building it fast enough.

“Like I said, the key thing was, if the, the high-bandwidth memory that Micron, you see the stock doubled. That was going to be the key thing that everybody needed. And NVIDIA saw it coming.”

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