Micron Technology (MU) and Nvidia (NVDA) are two ways to invest in the growing AI market. Nvidia stock has risen more than 19% so far this year, while MU stock has rallied 255%, as demand for AI infrastructure continues to grow. Micron is set to report its fiscal fourth-quarter results on September 30. The report could provide an update on memory demand, pricing, and supply across the AI market. Ahead of the report, we compare both stocks to see how much upside analysts expect.
Using TipRanks’ Stock Comparison Tool, both stocks have Strong Buy consensus ratings. Micron’s average price target implies about 54.26% upside, while Nvidia’s average target implies 45.90% upside from current levels.
For context, the two companies have different exposure to the AI market. Micron has a large DRAM and HBM business, while Nvidia is focused on AI chips and computing platforms.
Micron Has a Major Earnings Catalyst
Micron’s September 30 earnings report will be the next major event for the company. Wall Street expects Micron to report Q4 FY26 EPS of $31.27, up sharply from $3.03 in the year-ago quarter. Revenue is expected to rise more than 345% to $50.59 billion, helped by strong AI demand and higher memory prices.
Analysts also expect Micron to post another strong quarter. In a new report today, Stifel analyst Brian Chin reiterated a Buy rating and $1,500 price target on Micron. The 5-star analyst sees upside to Micron’s fiscal Q4 and fiscal Q1 results. However, the pace of gains could slow due to near-term limits on memory shipments. Chin sees DRAM supply growth slowing to 15% to 20% in 2027, compared with mid-to-high 20% growth in 2026. He also sees HBM4 prices per bit doubling in 2027. This could provide another boost to Micron’s margins and earnings.
Also, RBC Capital analyst Srini Pajjuri recently maintained his Outperform rating and $1,500 price target on Micron, implying about 48% upside from current levels. The 5-star analyst expects “another strong quarter” as demand for memory remains strong.
Is MU Stock a Good Buy Right Now?
Wall Street has a Strong Buy consensus rating on Micron stock, with 29 Buys versus only one Hold rating. The average MU stock price target of $1,569.60 indicates 54% upside potential.
Nvidia Continues to Benefit from AI Infrastructure Spending
Nvidia supplies GPUs, networking products, and full systems for AI data centers. Its fiscal Q2 revenue reached $96.2 billion, up 106% year-over-year, while Data Center revenue rose 117% to $89 billion. Adjusted earnings came in at $2.22 per share, above Wall Street’s $2.09 estimate.
Nvidia also continues to see strong demand for its AI infrastructure. Recently, Amazon (AMZN) announced that it plans to deploy 2 million additional Nvidia GPUs across AWS’ global infrastructure in 2027 and 2028. The rollout will include Nvidia’s Blackwell Ultra, Rubin, and Rubin Ultra platforms.
Analysts remain upbeat about Nvidia’s AI business. Piper Sandler analyst David O’Connor initiated coverage with a Buy rating and a $300 price target. He estimates Nvidia has about 80% market share in AI compute and expects supply constraints to persist for two to three years. O’Connor also expects Vera Rubin to account for about 20% of Q3 FY27 data-center sales.
Is NVDA Stock a Strong Buy?
With 30 unanimous Buys, Wall Street has a Strong Buy consensus rating on Nvidia stock. The average NVDA stock price target of $324.30 indicates about 46% upside potential.
