Cramer's Morning Take: Micron 6/26/25

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Jim Cramer (0:49)

Hey, it's Cramer, and this is my morning take on the market from today's CNBC Investing Club morning meeting. The thing is about Micron is that people always say it's boom or bust, and that's why they're selling it now. It's not. It's not because they're in the poll position for NVIDIA data source.

SPEAKER_4 (1:07)

I found it interesting, too. He said the consumer-oriented markets was actually some strong sequential growth.

Jim Cramer (1:12)

Getting better. Cell phone getting a little bit better. Now, I don't want to take that to me and you should buy Apple, because I'm not pushing that right now. But I do think that he has a broad panoply. Auto, too, and right now, you don't know whether it's pulled through or not, but you feel pretty good about the economy after listening to a man who has probably produced more integral chips than even Intel PCs.

SPEAKER_4 (1:36)

Well, it's certainly translating to NVIDIA Broadcom today. NVIDIA knew all-time high yesterday. It had its annual shareholder meeting. Jensen Wong talking a lot about how, and it's what he said before, robotics kind of the next way, physical AI.

Jim Cramer (1:53)

I think that we shook out a lot of people here. I think that people just felt like it was over. And the reason why it fell over is because it was a very good reason that the China spat. You started feeling that maybe they're going to lose.

You lost so much money.

SPEAKER_4 (2:07)

Sure, they took that big inventory charge.

Jim Cramer (2:10)

That was a giant charge that concerned me. Well, it was amazing.

SPEAKER_4 (2:14)

But I think what we've seen in the months since, certainly since GTC and Jensen talked about this on the last earnings call, I mean between Sovereign AI accelerating, there was that big Middle East tour, the Humane Projects, Inference picking up as well. That was another new surprise that he's kind of talked about, just demand there off the charts. And we're seeing it also with Morgan Stanley about Microsoft.

Jim Cramer (2:40)

Oh, that was an amazing piece.

SPEAKER_4 (2:42)

Saying Azure, they have more confidence in upside to numbers. They're following the data center capex trends, which closely follow revenue. So again, just more signs about the strength in data center.

Jim Cramer (2:55)

Yeah, also by the way, I mean they did talk about some strength in PC, but I would say that it's really data center that's driving things. And I think that Microsoft remains a very good stock. Start your day with my outbook on the market every morning. Visit cnbc.com/morningtake to become a CNBC Investing Club member at a special rate today.

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