Is Micron the Next Nvidia?
Micron Technology (NASDAQ: MU) is having a moment. The maker of memory chips just posted second-quarter fiscal 2026 revenue of $23.9 billion, up 196% year over year. Gross margins have scaled up past 70%, a figure that would have seemed absurd for a memory company just three years ago. The stock trades at a forward P/E below 10, while the semiconductor industry median is around 30.
If you squint, it looks a lot like Nvidia (NASDAQ: NVDA) before everyone figured out that the chip designer would dominate the artificial intelligence (AI) hardware bonanza. So naturally, the question is circulating: Is Micron the next Nvidia? I've spent some time with this question.
The answer is no.
Source Fool.com
Micron Technology Inc. Stock
€714.50
-5.860%
The stock is one of the favorites of our community with 159 Buy predictions and 1 Sell predictions.
As a result the target price of 1294 € shows a very positive potential of 81.11% compared to the current price of 714.5 € for Micron Technology Inc..
