Better Artificial Intelligence (AI) Stock: Nvidia vs. Micron Technology
Shares of Nvidia (NASDAQ: NVDA) and Micron Technology (NASDAQ: MU) have delivered healthy gains on the stock market so far in 2024, though one of them has outperformed the other by a huge margin. While Nvidia stock's year-to-date gains stand at a stunning 130%, Micron has clocked a relatively modest jump of 29%.
Nvidia's revenue and earnings have been growing at a phenomenal pace in recent quarters thanks to its dominance in the artificial intelligence (AI) data center graphics card market. However, a closer look at Micron indicates that the memory specialist is witnessing a terrific turnaround in its fortunes thanks to AI.
So, if you had to choose one of these two AI stocks for your portfolio, which one should you be buying? Let's find out.
Source Fool.com
Micron Technology Inc. Stock
The stock is one of the favorites of our community with 93 Buy predictions and 4 Sell predictions.
As a result the target price of 126 € shows a positive potential of 26.46% compared to the current price of 99.64 € for Micron Technology Inc..
