Jim Cramer Names Four Memory Stocks to Buy as AI Data Centers Drive Demand
TLDR
- Jim Cramer named SanDisk, Seagate, Micron, and Western Digital as memory stocks still worth buying despite big 2026 gains
- He says AI data centers have created a persistent memory shortage, keeping supply tight
- All four companies have shifted to building only to order, rather than expanding capacity speculatively
- Large share buyback programs are returning cash to shareholders instead of funding new production
- Cramer favors Micron most and his Charitable Trust recently opened a new position in the stock
Jim Cramer said Monday that four memory stocks still have room to run, even after posting some of the biggest gains on the market this year.
Speaking on CNBC’s “Mad Money,” Cramer named SanDisk, Seagate, Micron, and Western Digital. Year-to-date returns for the group have been steep: SanDisk is up 653%, Seagate 261%, Micron 254%, and Western Digital 211%.
Cramer’s argument is built on supply and demand. AI data centers need large amounts of memory, and supply has not kept up. He pointed to Elon Musk’s comments on X describing memory as the main bottleneck to data center expansion.
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