Nvidia named better buy than Micron as AI memory demand grows
A market analysis compares Nvidia and Micron, two key beneficiaries of the AI boom. Nvidia supplies the GPUs used for model training and inference, while Micron provides the essential memory and storage. Over the past five years, Nvidia’s stock has risen more than 800%, while Micron’s has climbed 1,200%. Nvidia reported revenue of $96 billion, up 106%, and net income of $59 billion, up 126%, in…
Key points
- Nvidia revenue hit $96 billion, up 106%, with net income at $59 billion, up 126%.
- Micron revenue rose over 370% in the latest quarter, driven by agentic AI memory needs.
- Nvidia is rated the better buy due to non-cyclical market stability versus Micron's price risk.
Micron’s growth is driven by the shift toward agentic AI, which requires continuous memory access. In its latest quarter, Micron saw revenue increase by more than 370%. The company has secured multi-year supply contracts to lock in demand, providing revenue visibility. However, the analysis notes that the memory market is cyclical. As supply normalizes, prices may drop, potentially slowing Micron’s growth.
The article concludes that Nvidia is the better buy. Its diverse product range and non-cyclical market position offer greater stability compared to Micron’s exposure to memory price fluctuations. Both stocks are considered reasonably priced, but Nvidia’s broad presence across the AI industry makes it less vulnerable to specific market headwinds.
Nvidia vs. Micron: The AI Revolution Is Big Enough for Both. Here's the Better Buy.
fool.com · 24 October 2026
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