Jim Cramer Explains Why He Has a “Giant Position” in Micron (MU) for the Charitable Trust

During the September 18 episode of Mad Money, a caller asked whether to lock in gains on Micron Technology, Inc. (NASDAQ:MU) after holding the stock since 2014, noting that it recently crossed $1,000 and is preparing to report earnings at the end of the month. Jim Cramer replied: No… I don't. I don't… And the reason I say this is it sells at 13 times earnings, maybe six times next year's earnings. I care about PE multiples and this is one incredibly cheap stock, which is why we have a giant position for it for the Charitable Trust. The bullish view comes even as some prominent investors moved the other way. We recently examined why Stanley Druckenmiller exited Micron despite the strengthening AI-memory cycle.