Micron Technology’s stock soared last year on strong AI memory demand, but NVIDIA is poised to overtake. Micron’s high-bandwidth memory chips are in short supply due to AI expansion, boosting shares. Fiscal Q1 2026 revenues hit $13.64 billion, up 56.8% YoY. However, Micron’s stock near all-time high poses risks for 2026.

NVIDIA is set to outshine Micron in 2026 with strong CUDA platform demand and AI hardware market edge. Fiscal Q3 2026 revenues reached $57 billion, up 62% YoY, with Q4 revenues expected near $65 billion. China’s approval for H200 AI chip sales boosts NVIDIA further. NVIDIA may be the top AI chip stock for growth this year.

A Zacks #1 semiconductor stock is positioned for growth with earnings and expanding customer base, feeding demand for AI, ML, and IoT. Global semiconductor market projected to reach $971 billion by 2028. This under-the-radar company is primed to capitalize on the next growth stage in the semiconductor industry.

Read more at Nasdaq: After Micron’s 200%+ Surge, This AI Chip Stock Could Be Next