Micron Beats Meta in Market Cap: Can It Catch Nvidia Next?

Micron Technology briefly overtook Meta Platforms and nearly matched Tesla's market value on Thursday, June 25, after a fiscal third-quarter earnings report showed revenue climbing 346% year over year to $41.5 billion.

The result sent shares up 18.4% to $1,236, giving Micron a market capitalization of $1.398 trillion. Meta sat at $1.392 trillion. Tesla held just above at $1.4 trillion. It was the first time in Micron's history that it had topped either company.

Micron's ascent is drawing similar comparisons to Nvidia's trajectory after it became the defining hardware name of the AI computing era. Where Nvidia's graphics processing units became the essential compute layer for training AI models, memory chips have emerged as the next critical bottleneck. Without high-bandwidth memory (HBM), even the most powerful AI processors cannot function at scale.

The comparison to Nvidia's rise has gained traction on Wall Street, where at least six banks raised price targets ahead of earnings, each citing the same thesis: AI memory demand is structurally outrunning supply well into 2028.

The numbers behind these targets justify that confidence. Adjusted gross margins reached 84.9% in the Ma

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/micron-beats-meta-market-cap-055906218.html)