Cramer Urges Buying Micron After 6% Drop as Rotation Batters AI Hardware

1 articles · Updated · CNBC · May 18

Micron fell 6% on Monday, prompting Jim Cramer to call the memory-chip maker a buy and suggest investors scale in, adding more only after another 2%-3% decline.
Seagate CEO comments about the pace of new capacity helped pressure Micron and other memory stocks as investors rotated out of AI hardware and data-center names.
Software names drew the other side of that trade: Salesforce rose about 3.4% and ServiceNow 8.8%, while Nvidia slipped 1.3% in a session that left the major indexes mixed.
Cramer said the repeated swings between software and hardware show a market with little conviction, arguing investors should use sharp pullbacks in quality stocks rather than chase brief rallies.
Micron stood out to him because it is tied to the AI buildout but trades at less than 12 times earnings, unlike some data-center stocks he said still look too expensive.

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