We recently published a list of 10 Jim Cramer Stocks to Watch in 2025. In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against other Jim Cramer stocks to watch in 2025.
Jim Cramer in a latest program on CNBC commented on the bearish start of 2025 and said being a bear in the market is “easy” because when the stocks rise no one would remember your outlook but if they fall, you will get the credit for your forethought. Cramer mentioned the reasons why he is bullish on the market in 2025.
First, Cramer believes the departure of FTC Chair Lina Khan would bode well for the market. He called Khan “way over her head” and said she used to oppose “all deals.”
Cramer also said President-elect Donald Trump’s tariff policies are expected to be “negotiable” that would offset their negative impact on companies. He also commented on the expected dynamics in the housing market:
“Housing breaks price we’re already seeing what happens when there’s overbuilding as is case in Florida. Prices come down when mortgage rates go up. What happens? Prices go down. Once prices come down, you know what? Buyers start staying away hoping for still lower prices, and it usually works, causing sellers to panic furiously, cutting prices themselves. They’ll be stuck and can’t move. It’s called the cycle. Although it has been operating normally for the last few years, I think 2025 will be the year the cycle reasserts itself, and the FED will win big on this one.”
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In
For this article we picked 10 stocks Jim Cramer was talking about heading into the new year. With each stock we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A close-up view of a computer motherboard with integrated semiconductor chips.
Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Investors: 107
In November, Cramer was asked about Micron Technology, Inc. (NASDAQ:MU) during a program on CNBC. Cramer said he is bullish on the stock and believes it can go higher.
“I think Micron’s ridiculous at 92-93. I pound the table. I did it again at 98. Even Sanjay Mehrotra, who’s the CEO, thought maybe I was too bullish about Micron Technology, Inc. (NASDAQ:MU), but you can’t be. I think this stock goes much higher. I like you in the stock.”
In the most recently reported quarter, Micron’s data center revenue made up more than 50% of its total revenue, thanks to the growing strategic significance of data center operations within the company. Strong results in the data center SSD revenue show Micron’s successful response to the surge in data center memory demand. Importantly, High Bandwidth Memory (HBM) revenue doubled sequentially, underscoring Micron’s leadership in this segment. Looking ahead, the total addressable market (TAM) for HBM is projected to grow from $16B in CY24 to over $30B in CY25, with expectations reaching $100B by CY30.
For 2025, the consensus estimates suggest a 39.58% YoY growth, with projected revenues of $35.05B, indicating significant expansion across business segments. This momentum is expected to continue into FY26, with revenues reaching $44.85B and a YoY growth of 27.97%.
Delaware Ivy Core Equity Fund stated the following regarding Micron Technology, Inc. (NASDAQ:MU) in its Q3 2024 investor letter:
Micron Technology, Inc. (NASDAQ:MU) – Fundamentals here also appear solid though concern about global demand for handsets and PCs drove the shares down during the quarter. We expect Micron to be a significant beneficiary of growth in AI demand as investment in new data centers is extremely memory (semiconductor) intensive.”
Overall, MU ranks 2nd on our list of Jim Cramer stocks to watch in 2025. While we acknowledge the potential of MU, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.