Jim Cramer says it’s not too late to own any one of these 4 soaring memory stocks

Jim Cramer believes the artificial intelligence revolution has fundamentally changed the game for memory stocks, suggesting that investors who feel they missed the boat might still have plenty of room to run. Speaking on Monday, the Mad Money host admitted that while he isn’t getting in early, he doesn’t believe he is too late to capitalize on the sector. The numbers backing his optimism are staggering, with SanDisk surging over six hundred percent this year, followed by significant jumps from Seagate, Micron, and Western Digital.

Historically, Cramer would have been cautious about such explosive growth because memory manufacturers typically react to high demand by flooding the market with supply, leading to a price crash. This time around, however, he argues that the dynamics have shifted. With Elon Musk highlighting memory shortages as a primary bottleneck for data center expansion, demand remains critically high. More importantly, these companies have adopted a disciplined approach known as building to suit, opting for long term customer agreements that protect profit margins rather than blindly expanding capacity.

The shift toward shareholder value is another signal that the old cyclical patterns may be broken. Rather than pouring every cent into new factories that risk creating an oversupply, companies like SanDisk and Seagate are utilizing multi billion dollar share repurchase programs to reward investors. By returning cash to shareholders instead of risking aggressive capital expenditures, Cramer suggests these firms are operating with a maturity previously unseen in the industry.

Among his top picks, Cramer highlighted Micron as a standout candidate for continued growth, noting that his Charitable Trust recently opened a position in the company. Despite the psychological hurdle of buying after a massive rally, he believes Micron could potentially double again provided there is no sudden slowdown in data center construction. For Cramer, the greatest risk right now isn’t buying at a peak but assuming these companies will repeat their past mistakes when the current opportunity is simply too large to ignore.