ZACKS·2026-01-15 21:00Core Insights - Micron Technology, Inc.'s shares have more than tripled last year due to strong demand for AI memory, but NVIDIA Corporation is expected to surpass Micron in 2026 due to its competitive advantages in the AI hardware market [1][5] Group 1: Micron Technology - Micron's stock has surged due to high demand for its high-bandwidth memory (HBM) chips, driven by AI infrastructure expansion, resulting in a tight supply situation [1][2] - The company reported fiscal first-quarter 2026 revenues of $13.64 billion, reflecting a 56.8% year-over-year increase, supported by robust demand for AI memory chips [2][9] - For fiscal second-quarter 2026, Micron anticipates revenues between $18.3 billion and $19.1 billion, alongside a record cash flow of $3.9 billion in the first quarter, positioning it well for growth initiatives [3] Group 2: NVIDIA Corporation - NVIDIA is expected to outperform Micron due to strong demand for its CUDA software platform and a competitive edge in the AI hardware market [5] - The company is well-positioned to benefit from rising global data center spending and has received approval to sell H200 AI chips to select customers in China, which is likely to enhance its revenue [6] - NVIDIA's new-generation Blackwell chips are experiencing high demand, with projected fiscal fourth-quarter 2026 revenues near $65 billion, supported by strong sales of cloud GPUs [7][8]