Jim Cramer Backs AI Buildout Stocks After Micron's 20% Surge
Updated
Updated · CNBC · May 27
Jim Cramer Backs AI Buildout Stocks After Micron's 20% Surge
10 articles · Updated · CNBC · May 27
Cramer said investors still have room to buy AI and data-center names even after Micron jumped 20% Tuesday and extended gains Wednesday.
His top additions span semiconductors, storage, hardware and equipment: Micron, AMD, Marvell, Intel, Sandisk, Seagate, Western Digital, Dell, Lam Research and Applied Materials.
He argued Micron still looks cheap at about 10 times forward earnings, while Dell is "killing the competition" and Marvell stands out for optical networking tied to data-center demand.
Cramer said his CNBC Investing Club portfolio already has roughly 47% exposure to AI and data centers through Nvidia, Broadcom, Arm, hyperscalers, power suppliers and networking names.
Even with that heavy weighting, he framed the data-center expansion as one of the market's biggest themes, while stressing his charitable trust still aims to stay diversified.
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