Jim Cramer Sees Room for Chip Stocks to Continue Rising Amidst Limited Production Capacity

CNBC's Jim Cramer believes chip stocks can continue to rise due to a shortage of equipment to expand production and high demand for memory and storage technology. He cited Micron's plans to spend $200 billion on domestic production capacity and the CHIPS act as factors contributing to the trend. Cramer also named Western Digital, Seagate, and Sandisk as similar stocks that have already seen significant gains this year.