Key Points
Micron Technology (NASDAQ: MU) experienced a substantial stock surge of over 730% in the past 12 months, largely driven by increased sales of DRAM and NAND memory chips for AI-focused data centers. The company secured more than $22 billion in uncancellable contracts through 16 Strategic Customer Agreements with major data center providers. Analysts project Micron’s revenue to rise by nearly sevenfold from fiscal 2025 to fiscal 2028, while earnings per share (EPS) are expected to increase more than 22 times during the same period.
Marvell Technology (NASDAQ: MRVL) has also made strides, with a stock increase of over 250% in the last year. The company’s transformation from producing consumer device chips to focusing on high-speed optical connectivity and custom AI processing through acquisitions is driving growth. Analysts forecast Marvell’s revenue and adjusted EBITDA will grow at compound annual growth rates of 41% and 43%, respectively, from fiscal 2026 to fiscal 2029, despite current valuations appearing high.
5 Stocks Our Experts Predict Could Double In the Next Year
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