Micron Stock Could Be The Next Intel (NASDAQ:MU)
- Micron is positioned as a core enabler of AI, paralleling Intel’s 1990s dominance in hardware.
- MU’s valuation remains well below bubble territory, with earnings growth and PE expansion potential reminiscent of mid-1990s Intel.
- Micron’s vertical focus on memory differentiates it from Intel’s failed horizontal strategy, reinforcing its defensible market position.
- Efficiency gains may temper memory demand, but rising AI complexity sustains MU’s centrality and long-term upside.
- This idea was discussed in more depth with members of my private investing community, The Pragmatic Investor. Learn More »
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Thesis Summary
In 2026, the companies powering AI are the most important businesses.
Micron (MU) now sits in a privileged position, as it is one of the few companies that can supply the market
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU, NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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