Jim Cramer bets on Micron as AI memory demand surges

Jim Cramer, host of a popular investment TV program, voiced his positive outlook on shares of memory chipmaker Micron Technology. According to him, the surge in data centers and servers for training artificial intelligence models is creating persistent shortages of DRAM and NAND memory chips, which directly benefits the company. Cramer noted that Micron has historically been a cyclical business with sharp swings in product pricing, but the current demand cycle looks more durable given structural growth in the AI sector. He also pointed to improved pricing discipline among major memory makers, which is supporting industry margins. For retail investors seeking AI exposure beyond obvious leaders like Nvidia, Micron could be an interesting alternative within the supply chain.