Cramer's Trust Buys 11 Micron Shares as AI Selloff Stabilizes
Updated
Updated · CNBC · Sep 14
Cramer's Trust Buys 11 Micron Shares as AI Selloff Stabilizes
1 articles · Updated · CNBC · Sep 14
Summary
11 Micron shares were added at about $925 each, lifting Jim Cramer's Charitable Trust stake to 53 shares and raising MU's portfolio weighting to roughly 1.25% from about 1%.
Micron fell about 5% in Monday's AI-driven selloff, and the trust used the pullback for what it called a small, incremental buy as semiconductor names steadied from morning lows.
Anthropic CEO Dario Amodei triggered the broader retreat by urging a global slowdown in frontier AI development, citing risks from increasingly advanced systems.
The trust said those warnings do not end the data-center buildout story and sees a possible larger catalyst ahead if Micron announces a sizable buyback after CHIPS Act restrictions expire.
Will the expiration of CHIPS Act restrictions in late 2026 trigger a massive stock buyback that sends Micron shares soaring?
Are safety warnings from top AI CEOs a temporary market distraction, or the first sign of a devastating crash in semiconductor demand?
Could severe bottlenecks in advanced packaging and data center construction ultimately derail the explosive growth projected for high-bandwidth memory?