Jim Cramer on Micron: “What a Stock, What a Company”

Core Insights - Micron Technology is actively expanding its semiconductor manufacturing capabilities with significant investments, including a $100 billion foundry in New York, a new fab in Boise, Idaho, and another in Singapore, with production expected to ramp up between 2027 and 2030 [1][2] Group 1: Company Developments - Micron is developing memory and storage solutions, including DRAM, NAND, and SSD products, under the Micron and Crucial brands [2] - The company has seen a stock price increase of 39% since the beginning of January 2023, indicating strong market performance [2] - Micron's expansion plans include a new fab in Boise, Idaho, expected to add output in the second half of 2027, and a fab in Singapore, projected to start production in the second half of 2028 [1] Group 2: Market Context - There is a notable shift in investment focus towards storage companies, with Micron being highlighted as a strong player in this sector [2] - The current memory shortage is anticipated to persist, which may provide continued support for Micron's stock price [2] - The emergence of new tech stocks is drawing investment away from traditional sectors, benefiting companies like Micron that are involved in storage solutions [2]