Group 1 - Micron Technology, Inc. has seen a significant stock increase of 39% since the beginning of January 2023, indicating strong market interest in storage solutions [1] - The company is part of a new group of tech stocks that are attracting investment away from other sectors, particularly the "Magnificent Seven" stocks [1] - Micron develops memory and storage solutions, including DRAM, NAND, and SSD products, under the Micron and Crucial brands [2] Group 2 - Despite the recent stock gains, Micron is still considered not expensive on a price-to-earnings basis, suggesting potential for further investment [1] - There is uncertainty regarding the duration of the memory shortage, which could influence Micron's market performance in the near future [1]
Jim Cramer on Micron: “It Could Be Worth Buying Even Up Here, You Know, If It’s Down For a Day”