$MU Is Up 15% in a Day and Cramer Says the Bulls Are Just Getting Started
Micron is the talk of every platform right now — and the bull case is more grounded than you think
Ticker Ratings
$MU surged 15.5% in a single session — the kind of move that makes your group chat explode and your portfolio feel like a slot machine. Jim Cramer on Mad Money called it fundamentally different from dot-com mania, pointing to Micron trading at just 6x earnings with a price target of $1,000. That's not bubble math. That's actually cheap for a company riding insatiable AI demand.
Meanwhile, TheChartGuys flagged the NASDAQ in full meltup mode — semiconductors and memory stocks extended well above their daily EMA for nearly a month. The catch? Breadth is suspiciously thin. Fundstrat noted the equal-weighted S&P is just now hitting all-time highs while healthcare sits at 13-year relative lows. And $AMAT reports Thursday with UBS raising its target to $480 and Seaport Global initiating bullish — options traders are already circling.
The AI memory trade has real earnings behind it. The rally just needs more friends to show up to the party.