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  • Could Micron Be the Next Nvidia as AI Memory Boom Accelerates
    February 3, 2026, 6:12 AM EST. Nvidia's ascent through the AI revolution has lifted its market cap to about $4.6 trillion, driven by a first-mover edge in GPUs. But the AI infrastructure bottleneck is shifting from compute to memory. Hyperscalers are expanding capex, yet not all spending sits on GPUs. Micron Technology could benefit as demand for high-bandwidth memory grows to accompany chip stacks. Goldman Sachs projects AI capex reaching roughly $500 billion in 2026; TrendForce sees DRAM and NAND prices rising up to roughly 60% and 38%, respectively. That backdrop could give Micron pricing power as customers chase memory and storage solutions, including HBM. Investors ask if Micron could be the next Nvidia. Its market-cap run has been rapid, but the forward multiple remains a point of discussion.