Jim Cramer Calls Micron, Western Digital, and Two Other Memory Chip Stocks "Indispensable," Says Investors "Can't Miss" Them as AI Demand Soars
The financial commentator pointed out that AI is driving storage chip stocks to soar, quoting Elon Musk's view that "memory has become the bottleneck." Cramer believes that although the storage chip market typically experiences cyclical booms and busts, the current unprecedented speed of data center construction and the demand for memory could break this cycle, allowing related stocks to continue rising. He mentioned that AI companies like NVIDIA are investing hundreds of billions of dollars in infrastructure construction, but at the same time warned that the market has begun to be wary of the growth in AI companies' capital expenditures, and data center construction faces community resistance and legislative regulatory risks, which could lead to a future oversupply of chips.
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