We are starting a position in Micron Technology, buying 25 shares at roughly $872 each. Following this trade, Jim Cramer's Charitable Trust will own 25 shares of MU, representing 0.5% of the portfolio. Micron is our newest Bullpen addition. This memory chip maker is one of the more volatile names in the market, prone to big swings in both directions.
The broader memory semiconductor market is dominated by three big companies: Samsung Electronics, SK Hynix, and Micron. Micron's products, DRAM and NAND, have significantly exceeded supply due to the artificial intelligence (AI) boom.
Micron is trying to ease concerns by signing strategic customer agreements that fundamentally change its business model. The company expects demand in 2027 to be even tighter than in 2026.
We are initiating our Micron position with a $1,100-per-share price target, which is below the stock's all-time closing highs.
