This chipmaker ‘can be a leader' that sparks gains in other semiconductor stocks, Cramer says

"This stock can be a leader. There are others that can go with it," Cramer said on"Squawk on the Street.""For instance, historically, you might find that AMD will go with it because there's a big PC component," he said, referring to

, which designs central processors for computers. Micron makes memory chips that also go into computers.to buy, from hold. The firm also raised its price target to $85 per share, up from $65, implying more than 20% upside from where the stock closed Friday, at $69.88 per share. Micron stock climbed modestly in Monday trading.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer's top 10 things to watch in the stock market MondayStock futures are down slightly as investors weigh a number of headwinds facing the market.
Source: CNBC - 🏆 12. / 72 Read more »

Here are the 12 stocks Jim Cramer is watching, including Netflix, Arm, Planet FitnessHere are some of the tickers on my radar for Monday, Sept. 18 taken directly from my reporter’s notebook.
Source: nbcchicago - 🏆 545. / 51 Read more »

Cramer: The 4 fears that are upsetting the market and what needs to happen nextThese headwinds are working to destabilize some sectors that worked for so long.
Source: CNBC - 🏆 12. / 72 Read more »

PayPal and Dropbox stocks fall after downgrades, GM shares inch higher, and more stocks on the moveHere are some of the most notable stock movers ahead of Monday's Wall Street open.
Source: MarketWatch - 🏆 3. / 97 Read more »