Jim Cramer on Micron: “I Think You Buy a Little Bit Here”
Micron Technology, Inc. (NASDAQ:MU) is one of the stocks Jim Cramer shared his views on. A caller asked if it is a good time to get into the stock, and in response, Cramer said:
“Okay, the problem with Micron is it’s got two businesses. It’s got high bandwidth memory, which goes into, yes, the data center, NVIDIA, and then it’s got DRAM, plain old DRAM. DRAM pricing has not been good, which is why the stock dropped from the 130s all the way back to where it is. I would say this, I think you buy a little bit here, but we do need to see DRAM pricing go back up before you get a lot of good pin action in that stock.”
Photo by Nicholas Cappello on Unsplash
Micron (NASDAQ:MU) produces memory and storage solutions, including DRAM and NAND products for data centers, mobile devices, automotive, and consumer electronics. The company’s solutions are sold under the Micron and Crucial brands, along with private labels.
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Disclosure: None. This article is originally published at Insider Monkey.
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