Micron is about to do something that would surprise most 'Magnificent 7' investors

It’s the year of Micron (MU) in tech — not Nvidia (NVDA).

Off-the-charts demand for its memory chips during the AI boom has totally recast the company’s financial results. That is nicely captured in the chart below from X user Trade Whisperer.

Micron is about to out-earn every single “Magnificent Seven” name in the current quarter in operating income. Those seven names include: Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), Tesla (TSLA), and Nvidia (NVDA).

Making this even more interesting is that Micron has the smallest market cap among these six tech beasts, at roughly $1.1 trillion.

Micron has had a week and a year to remember.

The company easily beat sales and profit forecasts for the quarter on Wednesday on voracious demand from the AI boom. Guidance was also strong, except for margin comments on the earnings call.

But keep Micron’s quarter in context.

Consider this: Micron added about $43 billion in sales in the most recent quarter compared to the year-ago quarter. That’s massive. Operating margins exploded in all business segments.

Shares are up 285% year to date.

Brian Sozzi is Yahoo Finance’s Executive Editor, host of the Sozzi Unleashed morning show, the ‘Power Players With Brian Sozzi’ podcast and a member of Yahoo Finance’s editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email [email protected].