Jim Cramer Said Micron Technology, Inc. (NASDAQ:MU) Fell Because Of Samsung’s Share Buybacks

Jim Cramer commented on Micron Technology, Inc. (NASDAQ:MU) shares falling due to Samsung's share buybacks. Cramer praised the company's CEO and facilities in Boise, Idaho, expressing amazement at the demand for Micron's AI chips. However, he pointed out that Samsung's share buyback was not deemed sufficient, especially when compared to SK hynix's actions.

Cramer mentioned the South Korean market's impact, stating that it "just killed" Micron's shares. He concluded that the company's stock was down due to the Samsung buyback, not its own performance.