Jim Cramer Says Micron Could Double as AI Reshapes Storage Cycle

Cramer cites tight storage supply and buybacks, noting Micron could double if data center build-out continues, despite massive YTD gains for sector peers.

Woofun AI notes that Jim Cramer stated the artificial intelligence boom has fundamentally altered the storage industry's cyclical nature. He observed that SanDisk, Seagate, Micron, and Western Digital have recorded year-to-date price increases of 653%, 261%, 254%, and 211% respectively, yet maintained that buying opportunities remain. Cramer highlighted persistent supply constraints, attributing them to long-term customer agreements and capital allocation toward buybacks rather than aggressive expansion. He expressed specific optimism for Micron, suggesting the stock could double in value before the current prosperity wave concludes, contingent on uninterrupted data center construction.