Jim Cramer praises Micron Technology Inc. as a top stock with strong performance

From Yahoo Finance: 2025-06-29 13:22:00

Micron Technology, Inc. (NASDAQ:MU) is highlighted by Jim Cramer as a top stock, with a 42% gain year-to-date. Recent fiscal Q3 earnings report exceeded expectations with $9.3 billion in revenue and $1.91 in earnings. Cramer praises CEO Sanjay Mehrotra for the company’s strong performance. The stock is up over 55% this year.

Cramer warns of a potential correction in Micron Technology, Inc. (NASDAQ:MU) stock, suggesting a possible pullback to $80. He sees it as a short-term trade rather than a long-term investment. Despite its potential, there are AI stocks with greater upside and less downside risk. Investors are advised to consider other options.

For those interested in AI stocks, a free report on the best short-term AI stock is available. While Micron Technology, Inc. (NASDAQ:MU) shows promise, this report highlights other AI stocks that may offer higher returns. Additional reports on the 20 best AI stocks to buy now and the 30 best stocks according to billionaires are also recommended.

Read more: “It’s The Old Micron!” Says Jim Cramer