Micron Technology (MU) experienced a dramatic stock increase of 761.5% over the past year, significantly outperforming NVIDIA Corporation (NVDA), which rose by 44.3%. In terms of financial performance, Micron reported revenues of $23.86 billion for the second quarter of fiscal 2026, with expectations to increase to $33.5 billion in the third quarter. Meanwhile, NVIDIA’s fiscal first quarter of 2027 saw record revenues of $81.6 billion, marking an 85% year-over-year growth.
Micron’s strong performance is linked to high demand for its high-bandwidth memory (HBM) chips used in AI infrastructure, supported by a projected gross margin of 81% for the fiscal third quarter. In contrast, NVIDIA’s Data Center segment generated $75.2 billion, a 92% annual increase. Despite NVIDIA’s robust performance, Micron’s favorable price-to-earnings ratio of 16.65 compared to NVIDIA’s 22.97 suggests potentially better investment value for Micron amid current market conditions.
Analysts indicate Micron’s unique positioning as a key supplier in the AI ecosystem could enhance its profit margins, while NVIDIA faces growth pressures from market saturation and export restrictions. As of now, Micron holds a Zacks Rank of #1 (Strong Buy), whereas NVIDIA is rated #3 (Hold).
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