Goldman Sachs analysis shows Micron accounts for 14% of S&P 500’s estimated 2026 EPS growth, second only to Nvidia.
Micron’s stock surge reflects its growing influence on the S&P 500’s earnings outlook, contributing 14% of projected 2026 EPS growth. This positions the company second only to Nvidia, which accounts for 18%, according to Goldman Sachs strategists. By 2027, Micron’s share of EPS growth is expected to decline to 7%, while Nvidia’s rises to 19%.
The memory chip sector has benefited from surging AI-driven demand, as hyperscalers expand data center capacity. Memory chips, critical for storing and processing AI model data, have seen tight supply and rising prices, boosting profitability for companies like Micron. The stock recently surpassed a $1 trillion market cap, closing at an all-time high of $906.36 after a 19.3% single-day gain, driven by a UBS upgrade.
Premarket trading saw Micron shares rise an additional 5%, reflecting investor enthusiasm amid the AI capital expenditure boom.