Micron Technology (NASDAQ:MU) reported fourth-quarter financial results Wednesday that beat analyst estimates. The company highlighted strong growth and future results, which could be a victory for investor Ross Gerber.
Ross Gerber’s Micron Prediction
Back in April, Gerber Kawasaki CEO Ross Gerber predicted to Benzinga that Micron would soon hit a $1 trillion market capitalization. Around a month later, that prediction came true.
“Micron to me will be a trillion-dollar company in a matter of a year or two,” Gerber told Benzinga at the time.
At the time of Gerber’s prediction, Micron had a market capitalization of $584 billion, suggesting upside of around 71%.
“I’m heavily invested in Micron. If you look at the valuation to growth rate, it’s just like crazy. It’s a crazy thing.”
Micron surged into the trillion-dollar market capitalization club in May and hasn’t looked back. The company, at a market capitalization of $1.18 trillion, is now worth more than the likes of Berkshire Hathaway, Eli Lilly, Advanced Micro Devices, JPMorgan & Chase and Walmart.
In April, Micron was the sixth-largest holding in the AdvisorShares Gerber Kawasaki ETF (NYSE:GK) at 6.09% of assets. Today, Micron is the largest holding, at 10.27% of the ETF’s assets.
Following Micron’s fourth-quarter financial results, Gerber took to social media to share his take.
"Micron is a beast. Amazing numbers and only getting better… this is not a cyclical business anymore. I don’t think I’ve ever seen anything like this. Amazing." Gerber tweeted.
The investor also highlighted Micron’s revenue and operating income by segment in another tweet and said, "Just wow! A green AI monster."
Micron’s Earnings and Future
Gerber correctly predicted Micron’s trillion-dollar market capitalization and that shares were undervalued.
Based on Q4 results and guidance, Micron may have more upside.
Micron’s quarterly revenue was $54.23 billion, up 379% year over year, setting new company records.
"Micron delivered record fiscal 2026 results, and we expect an even stronger fiscal 2027," Micron CEO Sanjay Mehrotra said.
The company’s guidance calls for first-quarter revenue of $60 billion to $63 billion. This represents year-over-year growth of 339.9% to 361.9% from last year’s $13.64 billion first-quarter total.
The guidance shows that 300%+ growth may not be over anytime soon and Gerber’s prediction of a $1 trillion market capitalization could be just the beginning.
Photo courtesy of Ross Gerber
Login to comment