Yahoo Finance analysis: Micron's market cap exceeds $1 trillion, could surpass Nvidia's $5.5 trillion by decade-end due to faster growth and lower valuation
Yahoo Finance analysis indicates that Micron Technology's market capitalization has surged past $1 trillion, while Nvidia's currently stands at $5.5 trillion. The report highlights Micron's 673% stock surge over the past 12 months, significantly outperforming Nvidia's 37% gain in the same period. Micron's latest quarterly revenue grew 346% year-over-year to $41.9 billion, with sequential growth exceeding 70%, compared to Nvidia's 106% year-over-year and 18% sequential growth. Furthermore, Micron trades at a forward P/E ratio of 6 and a PEG ratio of 0.14, considerably lower than Nvidia's 25 P/E and 0.58 PEG. The analysis suggests that Micron's faster fundamental growth and more attractive valuation could lead it to outperform Nvidia and potentially overtake its market cap by the end of the decade. Elon Musk also noted that the global memory shortage is "the limiting factor" for AI build-o
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