Quick Read – Micron’s Q3 2026 earnings crushed estimates with $41.5B in revenue and $25 EPS, sending shares 18% higher in pre-market trading. – Micron generated $28B in profits last quarter, far exceeding Nvidia’s $19B net income at a comparable AI growth stage. – Micron’s $1.2…
illion market cap is roughly one-third of Nvidia’s valuation when it posted comparable revenue and profit figures. – Artificial intelligence has created a handful of corporate winners, but one company has towered above the rest. Nvidia (NASDAQ:NVDA) became the face of the AI revolution as demand for its chips exploded, pushing its market value to roughly $4.8 trillion
Even after a pullback of nearly 16% from its all-time high, most investors still view Nvidia as one of the strongest long-term ways to invest in AI. That narrative has become so dominant that many investors may be overlooking another AI beneficiary posting numbers that look even stronger than Nvidia’s did at a similar point in its growth cycle: Micron Technology (NASDAQ:MU). Micron’s Latest Earnings Were Hard to Ignore Micron reported fiscal Q3 2026 earnings yesterday showing the memory-chip maker delivered stunning results that cleared Wall Street’s expectations by a wide margin.
The market’s reaction reflected just how far ahead of expectations Micron landed. Shares are surging 18% in pre-market trading this morning. The key takeaway wasn’t simply that Micron beat estimates.