Broadcom vs. Micron Technology: Which Technology Stock Is a Better Buy in 2026?

The artificial-intelligence boom is driving demand across semiconductors, but Broadcom (NASDAQ: AVGO) and Micron Technology (NASDAQ: MU) bring investors very different exposures. Broadcom spans networking and enterprise software as well as chips, and it has large customer relationships, including a $200 billion memorandum of understanding with Samsung and a $30 billion chip commitment from Apple. Yet it also relies heavily on distributors, with sales through them at nearly 48% of net revenue, and the top five end customers at about 40%. For FY 2025, Broadcom reported nearly $63.9 billion in revenue and about $23.1 billion net income, with ~36.2% net margin. Micron is more concentrated in memory: DRAM and NAND for data centers and mobile. Roughly 50% of its revenue comes from data center end markets, and over half comes from its top ten customers, exposing it to hyperscale ordering swings. In FY 2025, Micron generated close to $37.4 billion revenue (about +48.9%) and nearly $8.5 billion net income, with ~22.8% net margin.