“Micron (MU) Is A Growth Company,” Says Jim Cramer

We recently published 12 Latest Stocks on Jim Cramer’s Radar . Micron Technology, Inc. (NASDAQ:MU) is one of the stocks Jim Cramer recently discussed.

Micron Technology, Inc. (NASDAQ:MU) is one of Cramer’s top stocks in the semiconductor space, and not only because of its high bandwidth memory (HBM) chips. The CNBC TV host has repeatedly remarked that the firm’s CEO, Sanjay Mehrotra, is too modest for his own good. Additionally, after chip giant Intel reported its latest earnings, Cramer pointed out that Micron Technology, Inc. (NASDAQ:MU) could benefit from Intel CFO David Zinsner’s comments about a CPU shortage. As for the HBM, Micron Technology, Inc. (NASDAQ:MU) is the only American company capable of manufacturing the chips that are integral to AI GPU performance. Cramer mentioned the importance of HBM and remarked that the importance of HBM in the AI chip rush had skipped most observers’ attention:

“These were companies, no one thought there would be such a huge rush to have most high bandwidth memory. That’s why Micron goes up all the time. And that’s these companies. You need them.

“Micron is a growth company and they have high bandwidth memory and it’s doing quite well.”

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