Jim Cramer Discusses Quantum Computing Stocks Among These 12 Stocks

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

Number of Hedge Fund Holders In Q1 2025: 96

Micron Technology, Inc. (NASDAQ:MU) is one of the largest computer memory chip manufacturers in the world. It is also the only American firm that manufactures the advanced chips. Consequently, Micron Technology, Inc. (NASDAQ:MU) plays a key role in the AI supply chain. Its shares soared by 25% in January after NVIDIA revealed that it was a supply chain partner for AI GPU chips. Year-to-date, Micron Technology, Inc. (NASDAQ:MU)’s stock has gained 32%. The stock has gained 22% in June alone after the firm benefited from NVIDIA taking a lesser-than-expected revenue hit from US chip sanctions against China. Cramer’s comments about Micron Technology, Inc. (NASDAQ:MU) revolved around President Trump’s trade negotiations:

“And the Chinese did have a kind of discouraging statement talking about how, look, you know we’ll take it till we have to fight. When I say on the semiconductors, a lot of people feel it was in Advanced Micro, cause they have a GPU that you need, that’s what NVIDIA have. Advanced Micro’s up a quick ten. Micron is high bandwidth, that’s also used for data centers. And that would be something we could give them. Sanjay Mehrotra’s been very quiet about it, the CEO.

In late May, Cramer advised viewers to buy Micron Technology, Inc. (NASDAQ:MU) if the price touched $80. Here’s what he said:

“I think it is getting a little toppy. I think the market’s getting a little toppy and Micron’s going to go with it. Now, it went down to 66. I think it could go down to 80 without a problem, and then you’ll probably want to buy it again. But I sense that there is a trade here, not an investment, for the moment, and you need to do a little [kaching kaching].”