Micron is finally getting credit for the business it will see from the AI data center boom: Cramer

Stock Performance & Market Dynamics - Micron's stock surged 170% from April lows before the report, including a 40% gain since the end of August [1] - The stock's rise reflects recognition of Micron's role in the AI data center boom, beyond just Nvidia and other infrastructure plays [2] - Despite strong earnings, the stock experienced a sell-off, highlighting the challenge of meeting high expectations after a significant rally [1][3] Financial Highlights - Micron's revenue increased by 46% year-over-year and almost 22% from the previous quarter, exceeding expectations [4] - Gross margin reached nearly 46%, up over 900 basis points (9%) from the previous year [4] - Operating margin increased by 1,250 basis points (125%) [4] - Earnings per share (EPS) reached $330%, significantly higher than Wall Street's expectation of $255% [5] - Micron's EPS also showed a substantial increase from $191% in the previous quarter [5]