Micron Technology, Inc. (Nasdaq:Mu) is one of the actions that Jim Cramer has put under a microscope. During the show, a caller asked him if it was time for them to sell their position in the stock, and Cramer replied:
“No, no, please. We just crossed a huge fight in Micron. I spoke to Sanjay Mehrotra. I thought it was an absolutely formidable quarter. I think this stock has $ 200 written everywhere.
Photo by Yiorgos Ntrahas on UNCLASH
Micron Technology, Inc. (Nasdaq: MU) develops and sells memory and storage solutions, including DRAM and Flash products, under brands like Micron and Crucial. Its technologies serve markets, including data centers, mobile devices, PCs, automobiles and consumer electronics. Cramer discussed the last results of the company during the episode of September 24. He commented:
“Last night, Micron reported … But the figures were good, people. Ignore trading. No, the figures were like stellar … Micron only gives advice for a quarter at a time. It was their tradition, but their perspective for the current quarter was excellent …
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Read then: 30 actions that should double in 3 years And 11 Hidden AI stocks to buy now.
Disclosure: None. This article is initially published at Initiate monkey.
