Jim Cramer Says Micron (MU) Ceo Is “Doing an Amazing Job”

Company Overview - Micron Technology, Inc. (NASDAQ:MU) is one of the largest memory chip manufacturers globally, with a significant role in the AI ecosystem due to its advanced memory chip manufacturing capabilities [2]. Stock Performance - Micron's shares have seen a remarkable increase of 279% over the past year, making it one of the top performers in the market [2]. Market Dynamics - The company is currently benefiting from a memory shortage, which has positively impacted its stock performance. This shortage has been acknowledged by analysts, including TD Cowen, which raised Micron's share price target from $300 to $450 while maintaining a Buy rating [2]. Future Developments - Micron is in the process of building a new facility aimed at meeting the increasing demand for memory chips, although this plant is not expected to be operational until 2030 [3]. Leadership - The CEO of Micron, Sanjay Mehrotra, has been recognized for his effective leadership and management of the company during this period of growth and demand [3].