Jim Cramer: AI boom reshapes storage industry cycle, Micron stock still has potential to double

Odaily News CNBC host Jim Cramer said on Monday that the AI boom has transformed the previously highly cyclical storage industry. Despite SanDisk (SNDK), Seagate (STX), Micron (MU), and Western Digital (WDC) having already gained 653%, 261%, 254%, and 211% respectively year-to-date, it is still not too late to buy now.

He noted that storage supply remains tight, while manufacturers are increasingly locking in demand through long-term customer agreements and using cash for share buybacks rather than aggressive capacity expansion. In addition, he is particularly bullish on Micron, believing that if data center construction does not slow down, Micron still has the potential to double again before this cycle ends. (CNBC)