TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer has a message for investors considering Micron (MU) shares.

"A lot of our viewers I feel like got hurt on Micron and I'm telling you now it's okay," Cramer said.

Micron was initiated by RBC on Wednesday with a market perform rating.

For exclusive investing insight from Jim Cramer, get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

More from Video

Potential Global Market Impacts After the Arrest of Huawei's CFO

Potential Global Market Impacts After the Arrest of Huawei's CFO

Jim Cramer Weighs in on Dave & Buster's Earnings and What It Means for the Mall

Jim Cramer Weighs in on Dave & Buster's Earnings and What It Means for the Mall

Amazon Representative Addresses the Economic Impact of HQ2 on New York City

Amazon Representative Addresses the Economic Impact of HQ2 on New York City

What Did the World Look Like Before Photoshop? A History of Adobe

What Did the World Look Like Before Photoshop? A History of Adobe

Tencent Music Launches IPO at the NYSE

Tencent Music Launches IPO at the NYSE