Micron Got a Major Vote of Confidence From Nvidia’s Jensen Huang on AI Returns. I Still Wouldn’t Chase MU Stock Here.

Few endorsements carry more weight than a nod from Nvidia (NVDA), CEO Jensen Huang. Speaking in Taiwan, Huang gave a strong thumbs‑up to AI spending and said the returns are now “insanely profitable.” He also singled out Micron Technology (MU) as one of the key winners from this trend.

The timing couldn’t be more telling. Micron has already joined the trillion‑dollar market cap club, driven by surging demand for its high‑bandwidth memory (HBM) chips. These chips are crucial for Nvidia’s AI platforms. Its shares have posted huge gains, with the stock recently hitting new all‑time highs of around $1,100.

Micron CEO Sanjay Mehrotra has backed up that enthusiasm. He says steady demand for advanced memory should keep lifting the company “for years to come.” That view is supported by sold‑out HBM capacity and strong pricing power through 2027.

MU now trades near peak valuations, with its market value at $1.1 trillion. That leaves investors with a big question. Has the market already priced in most of Micron’s AI potential, or is this just the early phase of a longer re‑rating story?

Micron’s Numbers Show Real AI Payoff

Headquartered in Boise, Idaho, Micron Technology designs and manufactures memory and storage semiconductors for data centers, AI systems, PCs, and mobile devices. Its share price has a year‑to‑date (YTD) gain of 212.5% and a 52‑week advance of 681.4%.