tech
Jim Cramer says it’s not too late to own any one of these 4 soaring memory stocks
CNBC's Jim Cramer said the AI boom has transformed the historically cyclical memory industry, as demand and greater supply discipline support stronger profits.
TL;DR
- The AI boom has rewritten the rules for memory stocks, potentially extending their rallies.
- Memory stocks like Sandisk, Seagate, Micron, and Western Digital have seen significant surges this year.
- Unlike in the past, memory manufacturers are showing greater supply discipline, building capacity 'only to suit' and securing long-term customer agreements.
- Companies are prioritizing share repurchases over aggressive capacity expansion, returning value to shareholders.
- Jim Cramer initiated a position in Micron, believing it has potential to double again due to strong AI demand and customer agreements.