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Jim Cramer Says Big Short in Micron Stock May Have Run Its Course

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Amid the ongoing semiconductor shortage, Micron  (MU) - Get Free Report said supply chain disruptions would impact its sales forecast for the current quarter when the chipmaker reported quarterly earnings after Tuesday's closing bell.

Micron forecast fiscal first quarter revenues of $7.65 billion, well below analysts' estimates of $8.6 billion.

The company makes both DRAM chips for personal computers and data centers as well as NAND memory chips.

Despite a fourth quarter earnings report that exceeded expectations with adjusted earnings of $2.42 per share on sales of $8.27 billion, Micron stock was down 2.05% to $71.60 as of intraday trading Wednesday. 

Discussing the stock, Jim Cramer said the short position in Micron may have run its course. Catch his full take on Micron and other semiconductor names in the video above. 

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