Jim Cramer Talked About 16 Stocks Like Micron and Dell, Along With the AI Infrastructure Spending

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

Micron Technology, Inc. (NASDAQ:MU) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. Cramer highlighted the company’s growth in earnings, as he commented:

Micron seemed ridiculously expensive on trailing earnings when 2025 began. The company earned just over $1 per share in fiscal 2024, which ended in August, 2024, and the stock was trading in the mid-80s. This is a commodity chip maker, where it was like way too expensive. Now, though, it looks like Micron’s going to earn over $100 per share in fiscal 2027, which ends in August of next year.

How could it have only been trading $100 going into 2025? That’s crazy. It’s still only trading at about 10 times earnings even as the stock’s rallied tenfold and trades at $1,035. Perhaps instead of talking about a bubble in tech, we should be talking about how these stocks were way too cheap versus what they were really worth. None of the so-called smart money who was always so negative would ever do that; it’s too embarrassing for them.

Micron Technology, Inc. (NASDAQ:MU) develops memory and storage solutions, including DRAM, NAND, and SSD products, under the Micron and Crucial brands.