In a recent article, Jim Cramer discussed Micron Technology, Inc. (NASDAQ: MU), a key player in the AI industry. The firm reported $13.64 billion in revenue and $4.78 in earnings per share, surpassing analyst estimates. Micron’s shares are up 227% year-to-date and gained 26.90% post-earnings. Analysts have shown optimism, with Morgan Stanley raising the price target to $350. Cramer praised Micron’s earnings and highlighted its potential for the data center.

Jim Cramer expressed excitement about Micron’s strong quarter and CEO Sanjay Mehrotra’s performance. He praised the company’s earnings call, calling it a “thing of beauty.” Cramer is eager to hear NVIDIA CEO Jensen Huang’s thoughts on Micron’s performance.

While Micron presents investment potential, other AI stocks may offer higher returns with less downside risk. Investors seeking cheap AI stocks should explore further options in the market.

For more insights on potential stocks and investments, check out articles on stocks that could double in three years and hidden AI stocks to consider. No disclosures are listed in the original article.

Read more at Yahoo Finance: Micron (MU)’s Quarter Was a Thing of Beauty, Says Jim Cramer