Market Pricing Macro Fear Over Company Fundamentals: Cramer

The market is pricing macro fear over company fundamentals, according to Jim Cramer. He pointed out that Micron Technology (MU) trades at a forward P/E of 13.1x with 167% revenue growth, while Walmart (WMT) commands 37.4x earnings on 6.2% growth.

Micron has delivered 741% returns over the past year, driven by 167% revenue growth and 701% EPS growth as AI memory demand rises. BMO initiated coverage with a $1,300 target, 33% upside from here, projecting the DRAM/NAND market will grow 263% from $215B in 2025 to $780B in 2026.

Walmart's stock fell 9.15% after reporting its slowest same-store sales growth in six years, with a CFO citing the 'psychological impact' of gas above $4/gallon, a direct pass-through from Iran-elevated oil prices (Brent at $94.19).