Why Investors Are Wary of Nvidia and Micron Despite Strong AI Demand
Nvidia(US:NVDA) The Wall Street Journal·2026-03-20 17:16- Demand for AI systems is booming, but investors aren't in a mood to celebrate it. Take Nvidia, for example. The AI superstar's price-to-earnings ratio, which measures a stock's price against its projected earnings, is actually now below that of the S&P 500 for the first time in more than a decade.And here's why. Memory chip maker Micron has seen its own business triple in size as the AI systems made by companies like Nvidia require loads of memory in order to function. That demand is actually overwhelming ...