Key insights
- Cramer's bullish call on Micron (MU) after speaking with Amazon suggests potential upside in the memory sector. His rationale for TSM, despite losing some Apple business, is that it can allocate capacity to higher-margin clients. While the timing of Cramer's call raises questions about market top, it could also signal further gains in these specific stocks and the broader semiconductor industry.
This was the conclusion of his paid service. He really hate chasing rallies but said after talking to Amazon he thinks it's not too late.
I'm not a Cramer hater and in fact made lots of money riding his early Nvidia calls. He's also been right on GEV, LLY, Apple, etc. But he definitely missed the memory trade.
His other big call was TSM. He said TSM missing some business from Apple was actually a good thing, because now they can use that capacity for other people (newer customers) who they can charge more.
It's fine if you guys think you'll be the first one to make the "inverse Cramer" joke here. But please along with the jokes add in some of your own analysis I'm actually curious if you think this call indicates the top or just the beginning.
Disclosure: I'm gonna buy some DRAM but wheel it, not stay too long.