Jim Cramer Backs Micron's Fab Buildout as the AI Memory Trade

Cramer is touting Micron's fab buildout while DRAM supply stays tight, keeping the memory maker squarely in the AI capacity trade.

to this moonscape: Micron Manufacturing Might!! https://t.co/nCtcaeaiIL

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Jim Cramer posted on August 20, 2026 about Micron's manufacturing expansion, framing the company's fabrication buildout as a standout opportunity in the current market.

Micron's ongoing fab construction and a tight DRAM supply environment position the memory maker squarely inside the AI infrastructure capacity trade.

Sources

Mentioned: MU

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Portfolio concentration Leopold Aschenbrenner Situational Awareness

Aug 14

77.3% in the top 5 names · 23 long positions disclosed

SNDKSANDISK CORP
28%
MUMICRON TECHNOLOGY INC
27.5%
BEBLOOM ENERGY CORP
9.4%
TSMTAIWAN SEMICONDUCTOR MANUFAC
6.2%
NBISNEBIUS GROUP N.V.
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As of Jun 30, 2026 · disclosed Aug 14, 2026 · ~45 days stale — long positions only.

Leopold Aschenbrenner's Situational Awareness had 77.3% of its long book in five names as of June 30, with memory alone accounting for more than half. That is the portfolio behind the roughly $15 billion hit Jane Street took in July, disclosed only now and before the forced sale to Citadel.

Portfolio concentration Gavin Baker Atreides Management

Aug 14

49.6% in the top 5 names · 46 long positions disclosed

SPACE EXPLORATION TECHN CORP
32.6%
MUMICRON TECHNOLOGY INC
5.7%
CEREBRAS SYSTEMS INC
4.8%
ALABASTERA LABS INC
4.1%
CIENCIENA CORP
2.4%

As of Jun 30, 2026 · disclosed Aug 14, 2026 · ~45 days stale — long positions only.

Gavin Baker's Atreides Management had nearly half its disclosed long book in five names as of June 30, with a third of it in one private company, SpaceX. The rest is a straight AI infrastructure bet: Micron memory, Cerebras chips, Astera Labs connectivity and Ciena optics.

Jim Cramer @jimcramer

Jul 21, 4:08pm ET

Cramer's semiconductor picks signal where he sees the most near-term upside in the chip cycle.

OK, IF you have to, lets go with Micron, AMAT and Intel/AMD for the ones I like the best....for this part of the food chain.n

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Jim Cramer @jimcramer

Jul 10, 9:41am ET

Cramer ranks semiconductor plays as the bigger wealth creator but maintains conviction that Meta still delivers meaningful returns.

Meta isn't as rewarding as a Micron but it is still real money nonetheless

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Earnings · 2026 Q3 Sanjay Mehrotra CEO

Jun 24, 4:02pm ET

Micron's record fiscal Q3 financial results and even stronger outlook for Q4 reflect the strategic value of memory in the AI era.

Micron's record Q3 results and stronger Q4 outlook show memory chips are the beating heart of AI infrastructure, signaling the boom is far from finished as data center demand stays relentless.

Earnings · 2026 Q3 Sanjay Mehrotra CEO

Jun 24, 4:02pm ET

Micron is investing at record levels in technology, products and supply to address our customers' rapidly growing demand. We believe our multi-year Strategic Customer Agreements will significantly enhance the durability and predictability of Micron's strong financial performance.

Micron's CEO signals record-level investment and multi-year customer contracts to lock in predictable revenue growth as demand for its chips surges.

MU Micron Technology

Q3 2026

Jun 24, 4:02pm ET

EPS

$25.11

est $20.28 +23.8%

Revenue

$41.46B

est $35.25B +17.6%

Micron crushed expectations with $41.46 billion in revenue, up 346% year-over-year, as AI-driven demand for memory and storage transformed the company's financial profile. The $25.11 EPS beat consensus by 24% while gross margins exploded to 84.6% from 37.7%, and forward guidance of $50 billion in Q4 revenue signals the memory boom is just getting started.

THE WIRE Jun 24, 9:00am ET

Micron reports earnings today after market close as the memory chip supplier faces make-or-break questions on whether AI demand will sustain a projected 2026 market boom amid persistent supply concerns.