Micron Technology’s stock surged 132% since a 2026 trade linked to Donald Trump, outpacing Nvidia’s 11% gain this year.
Micron Technology (NASDAQ:MU) has risen 132% since a trade earlier this year tied to Donald Trump, significantly outperforming Nvidia (NVDA), which gained 11% in the same period. The rally reflects Micron’s expanding role in AI infrastructure, driven by demand for DRAM and NAND memory chips.
In fiscal Q2 2026, Micron’s revenue tripled year over year, with DRAM revenue up 207% and NAND revenue up 169%. The company’s shift toward data center memory has positioned it as a critical supplier for hyperscalers, reducing its exposure to cyclical commodity markets.
Data center DRAM and NAND demand is projected to exceed 50% of the total industry available market in 2026, underscoring Micron’s strategic pivot. The stock’s performance highlights its growing importance in AI-driven hardware ecosystems.