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Cramer Says AI Boom Lifts Memory Chip Stocks

8/18/2026

Summary

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Jim Cramer said the AI boom could keep memory-chip stocks rallying.
He noted Sandisk is up 653 %, Seagate 261 %, Micron 254 % and Western Digital 211 %.
Cramer said manufacturers are now locking in long-term customer agreements rather than expanding capacity aggressively.
He cited share-repurchase authorizations of $15.5 billion for Sandisk, $5 billion for Seagate and $4 billion for Western Digital, noting that his charitable trust’s Micron position could double before the AI boom ends.

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Story summary

Jim Cramer said the AI boom could keep memory-chip stocks rallying.
He noted Sandisk is up 653 %, Seagate 261 %, Micron 254 % and Western Digital 211 %.
Cramer said manufacturers are now locking in long-term customer agreements rather than expanding capacity aggressively.
He cited share-repurchase authorizations of $15.5 billion for Sandisk, $5 billion for Seagate and $4 billion for Western Digital, noting that his charitable trust’s Micron position could double before the AI boom ends.