Prediction: Micron Will Have a Larger Market Cap Than Nvidia by 2030

Micron could surpass Nvidia in market capitalization by 2030, according to the article’s projection, with growth and valuation trends favoring the memory-chip maker. It compares revenue across recent fiscal periods: Micron reported $11.3 billion in revenue for fiscal 2025 fourth quarter, while Nvidia earned $46.7 billion in fiscal 2026 second quarter, but a year later Micron’s fiscal 2026 fourth-quarter revenue reportedly rose to $54.2 billion versus Nvidia’s $96.2 billion in fiscal 2027 second-quarter sales. That gap narrowed to about 1.8x. Guidance also points to Micron, projecting 13.4% sequential growth at the midpoint versus Nvidia’s implied 12.2%. Valuation differences are stark: Micron trades at a forward P/E of 7 versus Nvidia at 23. The piece also argues that AI-driven demand and multi-year customer agreements may reduce cyclicality risk.