Jim Cramer Shed Light on These 11 Stocks

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

Number of Hedge Fund Holders: 94

Micron Technology, Inc. (NASDAQ:MU) is one of the stocks Jim Cramer shed light on. Cramer discussed the company’s earnings and said that they were “stellar.” He remarked:

“Last night, Micron reported… But the numbers were good, people. Ignore the trading. No, the numbers were like stellar… Micron only gives guidance for one quarter at a time. That’s been their tradition, but their outlook for the current quarter was excellent…

In short, Micron’s not just riding the data center wave like everybody else. They’re actively innovating and getting products that are ideally suited for the data center to market faster than the competition. And by the way, just so you know, these guys used to be behind a lot of the companies, like in Japan. They’re now ahead of them. And look, as strong as the data center business is, it’s not just the data center. Micron’s other top-end markets are also looking pretty good at this point, even if they’re not putting up the insane numbers…

Bottom line: Coming into Micron’s earnings, I was wondering if the company could report anything that could justify the stock’s incredible run. You know what? That’s exactly what they did. After this Titanic quarter, I think Micron can keep running. I just hope we get more pullbacks like this so that you can buy it on weakness. Yes, the Micron quarter really was that good.”

Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage solutions, including DRAM and NAND products. The company serves markets such as data centers, PCs, mobile devices, automotive, and industrial applications under the Micron and Crucial brands.