Jim Cramer Says Micron (MU) Ceo Is “Doing an Amazing Job”

We recently published 14 Stocks Jim Cramer Talked About.  Micron Technology, Inc. (NASDAQ:MU) is one of the stocks Jim Cramer talked about.

Micron Technology, Inc. (NASDAQ:MU) is one of the largest memory chip manufacturers in the world. Its position in the industry, courtesy of the ability to manufacture advanced memory chips, has enabled the firm to carve out a key position for itself in the AI ecosystem. Consequently, Micron Technology, Inc. (NASDAQ:MU)’s shares are among the top performers on the market and are up by 279% over the past year. Cramer also frequently discusses the firm in his morning appearances. One factor that has crossed his radar is the memory shortage, which has benefited Micron Technology, Inc. (NASDAQ:MU). The CNBC TV host has ardently pointed out how he was enthusiastic about the firm even before its CEO. The shortage was also on TD Cowen’s mind recently, as it raised the share price target to $450 from $300 and kept a Buy rating. In this appearance, Cramer discussed a facility that Micron Technology, Inc. (NASDAQ:MU) is building to meet the shortage:

“Take a listen to what happened with Micron, with Sanjay Mehrotra. They’re building a plant that is going to make it so that they can meet demand. But that plant doesn’t come due until 2030. Now I think Sanjay’s doing an amazing job.”

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