After Gaining 800% in 1 Year, Wall Street Just Upgraded Micron to "Strong Buy" -- Unanimously. Here's Why.
Key takeaways
- Matt Frankel, CFP®, The Motley Fool Tue, June 30, 2026 at 5:32 PM GMT+7 4 min read MU NVDA It's fair to say that investors were skeptical heading into Micron's (NASDAQ: MU) latest earnings report.
- However, it's fair to say that Micron knocked it out of the park.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
Matt Frankel, CFP®, The Motley Fool Tue, June 30, 2026 at 5:32 PM GMT+7 4 min read MU NVDA It's fair to say that investors were skeptical heading into Micron's (NASDAQ: MU) latest earnings report. The stock had already gained more than 700% over the previous year, and had posted several blowout earnings reports in a row. In fact, on the day of Micron's latest earnings report, the stock was down significantly during the trading day before the afternoon announcement.
However, it's fair to say that Micron knocked it out of the park. Again. The stock soared to a new all-time high, and even after a brief pullback, it now has a market capitalization of nearly $1.3 trillion. This is from a memory company that was largely considered a boring, commoditized business just a couple of years ago.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »