Has Micron Technology Become the New Nvidia?
Has Micron Technology Become the New Nvidia?
https://www.fool.com/investing/2026/06/29/has-micron-technology-become-the-new-nvidia/
Publish Date: 2026-06-29 16:03:00
Source Domain: www.fool.com
In recent years, Nvidia (NVDA +1.30%) has been the hot growth stock that the market has been rallying around, determining the overall path forward. And as it has done well, so too has the S&P 500. The stock has been a lightning rod for growth investors, attracting plenty of investment dollars.
More recently, however, another big name in tech has been rising prominently, and that’s Micron Technology (MU +0.90%). Not only has it been generating Nvidia-like returns of late, but there was also plenty of anticipation around its recent earnings results, as investors looked to the numbers to see whether the stock’s impressive rally could continue. Is this a sign that Micron has become the new Nvidia, and that it’s the new go-to investment for growth investors?
Image source: Getty Images.
Micron has been the better buy in the past five years
You might be surprised to learn that over the past five years, Micron has actually outperformed Nvidia. Its gains over that stretch are up around 1,300%, while Nvidia, which has been slowing down of late, is up by 860%. For a while, however, the gap was significant, with Nvidia’s gains far exceeding Micron’s. It wasn’t until the rapid surge this year, with Micron’s stock rising almost in a straight line up, that its gains soared past Nvidia’s.
There is clearly more hype around Micron these days, not unlike the hype that was around Nvidia a few years ago, when ChatGPT and generative artificial intelligence were in their early stages. Now, with investors focused on memory products and the shortages in that industry, it’s Micron that appears to be in the spotlight.
Today’s Change
(0.90%) $10.16
Current Price
$1142.49
Key Data Points
Market Cap
$1.3T
Day’s Range
$1024.00 – $1143.16
52wk Range
$103.38 – $1255.00
Volume
1.6M
Avg Vol
52.1M
Gross Margin
72.60%
Dividend Yield
0.04%
Why Nvidia may still be the safer option for investors
Although Micron has been delivering impressive results in recent quarters due to strong demand for its memory and storage…
