Jim Cramer Named Micron Technology (MU) His Top Memory Pick

August 3, 2026 - 23:09

On the July 21 broadcast of CNBC's Mad Money, Jim Cramer responded to audience concerns about how to handle technology portfolio weightings while memory and storage shares see sudden price spikes. He stood by his focus on large-cap tech giants, explaining that temporary performance differences do not alter the lasting strength of core platform companies. Cramer did recognize the recent shifts in the market, pointing out that some traders are chasing quick gains in the semiconductor memory sector.

Still, he made it clear that when it comes to picking a single name in that space, Micron Technology stands out as his top choice. Cramer based his view on the company's position in DRAM and NAND markets, its pricing power during cyclical upturns, and the growing demand from data centers and artificial intelligence workloads. He also noted that Micron's valuation looks reasonable compared to its expected earnings growth over the next few quarters.

Cramer advised viewers not to overreact to daily price action in memory names, since these stocks tend to be volatile even when the fundamental story is intact. He suggested that investors looking for exposure to the memory cycle should consider building a position gradually rather than trying to time the exact bottom. He also reminded the audience that diversification still matters, even when one sector appears hot.