Capital DailyCapital Daily
Finance

Can Micron Technology Become the New Nvidia?

Micron has the potential to rapidly expand its market capitalization.

Can Micron Technology Become the New Nvidia?

Published July 7, 2026 · Category: Finance

Overview

Micron Technology (NASDAQ: MU) has had a phenomenal 2026 so far, rising around 240%, though it was up around 300% until a few days ago before artificial intelligence (AI)-centric stocks started to sell off. Regardless, Micron has had a great run, and it isn't looking to slow down anytime soon.

Micron recently announced another jaw-dropping quarter with huge growth and incredible expectations for the following quarter, dropping huge news that tight market conditions could last until 2028. If that occurs, Micron's stock could be primed for a major run, potentially positioning it to become the next Nvidia (NASDAQ: NVDA).

Details

But is that possible? Let's see what it would take.

Continue reading

Source

Originally published at www.fool.com.

Related Articles

CD
Capital Daily Newsroom

Capital Daily covers markets, crypto and commodities for Asia & the Middle East — tier-1 desk research, AI-driven analysis, institutional-grade data. Tip our newsroom: [email protected]

Email the newsroom →
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.