Nvidia Vs Micron: Among The Best-Positioned AI Plays as Treasury Yields Spook The Market - 24/7 Wall St.

In a market rattled by a surge in the 10-year U.S. Treasury yield to 4.65%, which sits at the 92.8th percentile over the past year, NVIDIA and Micron Technology’s recent earnings reports have drawn si... Read original →

The earnings reports from NVIDIA and Micron underscore a rapid acceleration in AI infrastructure adoption. NVIDIA’s Blackwell chips are driving unprecedented data center revenue growth, with Microsoft’s Fairwater site already deploying hundreds of thousands of GPUs. Micron’s HBM4 revenue has surged past $1 billion, outpacing HBM3E by double digits, while its 84.9% gross margin and $100 billion in contracted revenue highlight strong supply chain positioning. Despite rising Treasury yields pressuring growth stocks, NVIDIA trades at 25x forward P/E, while Micron remains attractively valued at 6x. In the next 12–24 months, the synergy between AI chips and memory technologies—especially HBM4, DDR5, and NAND—will intensify. As U.S. export controls tighten, Taiwan, China and South Korean suppliers may step in to fill gaps. The global AI infrastructure shift is evolving from a compute race to a strategic ecosystem lock-in, with supply chain resilience and technological moats becoming decisive factors.