Micron (MU) Stock Beat Nvidia Over Five Years. Can It Keep Going?
TLDR
- Micron (MU) has returned roughly 1,313% over five years, outpacing Nvidia’s 912% gain over the same period.
- MU closed at $1,016.59, with a market cap of around $1.15 trillion, up from $104.2 billion in 2021.
- AI-driven demand for high-bandwidth memory (HBM) has been the core engine, with supply running at less than half of current demand.
- Micron posted record fiscal Q3 revenue of $41.46 billion, versus $9.3 billion a year earlier.
- Wall Street expects $50.4 billion in quarterly revenue and $30.89 in adjusted EPS when Micron reports on September 30.
Micron Technology has quietly become one of the great stock stories of the past five years. MU closed Friday at $1,016.59, putting its five-year return at roughly 1,313%, according to StatMuse. That beats Nvidia’s 912% gain over the same stretch.
Its market cap has gone from around $104.2 billion at the end of 2021 to approximately $1.15 trillion today. That is an increase of more than $1 trillion in market value.
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