Jim Cramer Reveals Why Micron (MU)’s Shares Performed Well

Core Viewpoint - Micron Technology, Inc. (NASDAQ:MU) is highlighted as a top-performing semiconductor stock, with a significant share price increase of 236% over the past year, driven by its unique position in the high-end memory chip market, particularly in relation to NVIDIA's AI GPUs [2][3]. Group 1: Stock Performance and Analyst Ratings - Micron Technology's shares have gained 236% over the year, making it one of the top-performing semiconductor stocks [2]. - Bernstein has raised the price target for Micron's shares to $330 from $270, maintaining an Outperform rating, based on expectations of rising memory prices in 2026 [2]. Group 2: Capacity Expansion and Financial Outlook - Micron is preparing to expand its capacity, with an expected spending of $20 billion in fiscal 2026, up from a previous estimate of $18 billion [2]. - The firm's financial outlook is optimistic, with analysts predicting continued price increases for memory products [2]. Group 3: Market Dynamics - NVIDIA's significant purchase of high-bandwidth memory has contributed to Micron's stock performance, as demand is outpacing supply [3].