Wall Street Analysts Favor Nvidia, Flag Micron as Overvalued Ahead of June 24 Earnings

Wall Street analysts broadly back Nvidia at current prices but see Micron Technology as overvalued ahead of its June 24 earnings report. According to BeInCrypto, Nvidia trades near $210 and 69 analysts’ average target is $300, about 43% upside, while Micron sits around $1,133 and 49 analysts peg fair value at $949, roughly 16% below. The report cites Nvidia’s fiscal first-quarter revenue of $81.6 billion, up 85% year over year, and expectations for its Vera Rubin GPU platform later this year, while noting Micron faces commodity-like memory pricing and share losses to Samsung and SK Hynix.