Nvidia Stock vs. Micron Stock: Wall Street Says Buy One and Sell the Other
Micron stock rose 7% to $1,120 following a series of price target increases. This follows a broader trend where memory stocks have surged over 300% this year. Some analysts still favor Nvidia due to its projected 43% upside.
What changed
Micron shares saw a significant price jump and target hikes despite previous views that the stock was overvalued.
Live updates
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Wall Street Sentiment Shifts as Micron Shares Surge
confidence 80%Micron stock rose 7% to $1,120 following a series of price target increases. This follows a broader trend where memory stocks have surged over 300% this year. Some analysts still favor Nvidia due to its projected 43% upside.
What's confirmed:
- Micron shares rose 7% to $1,120 on Thursday morning.
- Micron stock has increased 266%.
Still unconfirmed:
- Korean memory chipmaker losses have fueled doubts about the AI trade.
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Wall Street Divided on Nvidia and Micron Valuations
confidence 90%Analysts currently favor Nvidia over Micron, viewing the former as undervalued with a projected 43% upside. Conversely, many experts consider Micron overvalued due to market share losses and commodity risks. Both companies have seen massive growth since January 2023.
What's confirmed:
- Nvidia stock has increased 1,320% since January 2023.
- Micron stock has increased 1,940% since January 2023.
- Wall Street analysts generally view Nvidia as undervalued and Micron as overvalued.
Still unconfirmed:
- Micron offers a lower valuation and strong margins due to AI-driven HBM demand.