Jim Cramer announced four memory stocks are soaring and you can still buy them. He's doing that thing again where he tells people the train already left but the caboose is still technically available for boarding.
Memory stocks. The same chips that were supposed to bankrupt everyone eighteen months ago when inventory piled up like unsold Beanie Babies. Now they're soaring because AI needs somewhere to store all those chatbot hallucinations about legal precedents that don't exist.
Cramer says the industry transformed from cyclical to sustainable because of supply discipline. Supply discipline is what you call it when companies finally stop making so much shit that they have to give it away. Took them forty years to figure that one out. Real geniuses over there.
The four stocks remain unnamed in the summary. Could be Micron. Could be SK Hynix. Could be Western Digital. Could be four companies that Cramer liked yesterday and will hate by Thursday. The specifics don't matter because you're reading this headline two days after it aired and the stocks already moved.
But it's not too late. That's the key message. It's never too late when Jim Cramer is involved. You can chase momentum right up until the exact moment it reverses and then he'll tell you about four different stocks that are soaring.
The AI boom transformed everything apparently. Same AI boom that transformed software stocks last year and cloud stocks the year before that. AI is very transformative when you need a reason why expensive things should get more expensive.
Retail traders will watch this segment and market-order into memory stocks at 9:31 AM while the algos that bought three weeks ago start scaling out. Then they'll check their account in October and wonder why supply discipline didn't protect their portfolio from gravity.
Cramer's right though. It's not too late. It's just perfectly timed to make someone else rich.
Photo by Brett Jordan on Unsplash
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