Micron Technology, Inc. (NASDAQ:MU<\/b>) is one of the stocks Jim Cramer shared his take on<\/b>. Cramer noted the stock\u2019s massive gains in the first month of the year, as he said:<\/p>\n This is something I haven\u2019t talked about to you. It\u2019s a huge part of the story. There\u2019s a new group of tech stocks in town, and they are sucking up money from the rest of the sector, from the Seven, and these are prosaic, boring companies. They\u2019re storage plays. I have been talking about the storage plays as a warning sign because they\u2019ve rallied so far, so fast. But there are tons of investors who love to chase hot stocks, and if they want to buy a Sandisk or a Seagate or a Western Digital or a Micron, wow, the best plays in storage, they gotta sell something\u2026 Consider Micron, a very good semiconductor company. You know, we talk about them all the time, makes storage components. Stock\u2019s up 39% since the beginning of January\u2026 What you\u2019re seeing right now is the great transference. For the first time since the creation of Magnificent Seven back in March of 2023, these stocks have become donors to the market capitalization of these storage companies\u2026 Even up here, Micron\u2019s not expensive on a price-to-earnings basis, but we don\u2019t know how long the memory shortage will last. I think it could last some time. So it could be worth buying even up here, you know, if it\u2019s down for a day.<\/p>\n<\/blockquote>\n A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels<\/p>\n Micron Technology, Inc. (NASDAQ:MU) develops memory and storage solutions, including DRAM, NAND, and SSD products, under the Micron and Crucial brands.<\/p>\n While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/b>.<\/p>\n READ NEXT: <\/b>30 Stocks That Should Double in 3 Years<\/b> and <\/b>11 Hidden AI Stocks to Buy Right Now<\/b>.<\/b><\/p>\n Disclosure: None. This article is originally published at Insider Monkey<\/b>.<\/p>\n<\/p><\/div>\n\n
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