Jim Cramer identified Micron Technology, Inc. (NASDAQ:MU) as a top-performing semiconductor stock, with shares gaining 236% over the year. Analysts are bullish on the company, with Bernstein raising the share price target to $330 and predicting memory prices to rise in 2026. Micron plans to expand capacity, spending $20 billion in fiscal 2026.

Cramer attributes Micron’s stock performance to NVIDIA’s purchase of high-bandwidth memory, creating a demand for Micron’s memory chips. While MU shows promise as an investment, other AI stocks may offer higher returns with limited downside risk. For more information on potential AI stocks, check out the free report on the best short-term AI stock.

For more insights on potential stocks that could double in three years or hidden AI stocks to buy now, visit Insider Monkey. This article was originally published on their platform.

Read more at Yahoo Finance: Jim Cramer Reveals Why Micron (MU)’s Shares Performed Well