Jim Cramer: AI-Driven Memory Stock Super Cycle, Four Major Storage Stocks Still Have Upside Potential

According to CNBC, renowned investor Jim Cramer stated that the AI boom has fundamentally changed the cyclical patterns of the memory industry. Although SanDisk has surged 653% this year, Seagate 261%, Micron 254%, and Western Digital 211%, it is still not too late to enter the market now. Cramer pointed out three core reasons why this cycle differs from history: First, memory supply is extremely scarce; Musk has publicly stated that memory has become the biggest bottleneck for data center expansion. Second, manufacturers are no longer blindly expanding production, but instead locking in profit margins through long-term customer agreements. Third, companies are using profits for stock buybacks rather than capacity expansion. SanDisk still has $15.5 billion in buyback capacity, Seagate is advancing a $5 billion buyback plan, and Western Digital added a $4 billion buyback authorization this year. Cramer is particularly bullish on Micron, believing it still has the potential to double provided AI data center demand remains unabated, and has already established positions through his charitable trust fund.