00:00It's Benzinga bringing Wall Street to Main Street
00:02Micron Technology shares rose more than 2% in Monday's pre-market trading as chip stocks gained
00:09alongside the broader market, according to Benzinga. The company is also drawing investor
00:13attention ahead of its September 30 earnings report. CNBC's Jim Cramer highlighted Micron
00:20as one of his favored semiconductor stocks, pointing to its valuation following its AI-driven
00:25rally. Cramer said he would hold the stock ahead of earnings, calling it incredibly cheap at about
00:3113 times earnings and potentially around six times next year's earnings. Micron has benefited from
00:37strong demand for high-bandwidth memory used in AI systems. Investors will watch HBM demand,
00:42memory pricing, and management's outlook. The stock has gained about 517% over the past 12 months
00:49and remains above its major moving averages. Shares rose 2.24% to $1,038.51 in pre-market trading.
00:58For all things money, visit Benzinga.com.
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