Micron (MU) & Shortages Are on Jim Cramer’s Mind

Core Viewpoint - Micron Technology, Inc. (NASDAQ:MU) has seen a significant increase in its stock price, attributed to its capability in manufacturing advanced memory chips and ongoing demand driven by data centers [2][3]. Group 1: Stock Performance - Micron Technology's shares have risen by 387% over the year [2]. - Bernstein analysts raised the price target for Micron from $270 to $330 while maintaining an Outperform rating [2]. - HSBC increased Micron's price target from $350 to $500, citing strong pricing power and a Buy rating [2]. Group 2: Market Dynamics - The company is positioned to benefit from strong memory chip prices through 2026 due to robust demand from data centers [2]. - Jim Cramer highlighted that Micron is experiencing a shortage, which is affecting its ability to meet demand rather than a lack of demand itself [3]. Group 3: Investment Perspective - While Micron is viewed as a potential investment, there is a belief that some AI stocks may offer higher returns with limited downside risk [3].