Jim Cramer on Micron: “Wait for it to Come Back Down”

Core Viewpoint - Micron Technology, Inc. has experienced a significant stock price increase recently, but caution is advised before making new investments due to its parabolic move [1]. Company Overview - Micron Technology develops and produces memory and storage solutions, along with supporting software, design tools, and firmware [2]. Market Commentary - Jim Cramer noted that the stock price fell after a quarterly report, despite the company's strong fundamentals, attributing the decline to the CEO's humble demeanor rather than aggressive self-promotion [2]. - There is a belief that while Micron has potential, certain AI stocks may present better upside potential with less downside risk [2].