According to CoinMeta, the valuation gap between Nvidia and Micron continues to widen. The market value of Nvidia is nearly 25 times its forward-looking earnings, while the valuation of Micron is relatively lower. The stock of Micron has risen by 253.9% this year, whereas Nvidia has only increased by 20.7%. Nvidia set a record of $81.6 billion in revenue in the first quarter of fiscal year 2027, a year-on-year increase of 85%. The HBM chips of Micron have been sold out, and revenue is expected to reach $50 billion in the fourth quarter of fiscal year 2026. Analysts believe that there is still room for the stock of Micron to rise and that it may narrow the valuation gap with Nvidia.