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Micron Technology Could Sink Even Further in the Weeks Ahead
For his fourth and final “Executive Decision” segment of Thursday’s Mad Money program, host Jim Cramer talked to Sanjay Mehrotra, president and CEO at Micron Technology , the semiconductor maker that trades at just five times earnings. Mehrotra repeated that all of Micron’s end markets remain very strong, and they’re both diversified and secular growers. When asked about slowing cell phone sales in China, Mehrotra reminded investors that while user growth in smartphones is leveling off, the transition to 5G wireless means there are more, and more profitable, chips in each device.
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