Is Micron the New Nvidia?
When OpenAI commercially released ChatGPT in late 2022, Nvidia (NASDAQ: NVDA) was primarily seen as a graphics chip designer marketing its products toward computer gaming and secondarily as a chip provider for cryptocurrency mining operations. What most investors didn't realize was that the company's hardware was even more versatile than people had given it credit for. From 2023 to 2025, its chipsets became the backbone of generative artificial intelligence (AI), and the incredible demand for its products and software helped Nvidia become the most valuable company in the world.
Big tech has somewhat fallen out of favor with growth investors throughout 2026. As of this writing (April 2), Nvidia's stock was trading down 5.2% on the year. But not all AI chip stocks have been perceived negatively in recent months. Shares of Micron Technology (NASDAQ: MU) are up 27% so far this year and nearly 309% over the last 12 months.
Let's look into the tailwinds fueling the rise in Micron stock right now. Could it be on its way to becoming the new Nvidia?
Source Fool.com
Micron Technology Inc. Stock
The stock is one of the favorites of our community with 143 Buy predictions and 1 Sell predictions.
As a result the target price of 387 € shows a positive potential of 21.89% compared to the current price of 317.5 € for Micron Technology Inc..
