Key Points
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Micron Technology (NASDAQ: MU) saw its market cap rise from under $100 billion in early 2025 to over $1 trillion this summer, positioning it as a potential rival to Nvidia (NASDAQ: NVDA), which has a market cap of $5.5 trillion.
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Micron’s revenue growth in its fiscal 2026 third quarter was 346%, reaching $41.9 billion, compared to Nvidia’s 106% growth to $96.2 billion in Q2 fiscal 2027.
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Micron trades at a forward P/E ratio of 6, significantly lower than Nvidia’s 25, indicating a greater potential for value growth.
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