Analyst Ben Reitzes from Melius Research believes memory maker Micron and CPU-focused AMD could both reach a 2 trillion dollar market capitalization. AMD’s path to 2 trillion relies on the growing importance of CPUs in agentic AI, requiring EPS power above 50 dollars to achieve this target. Micron would benefit from computational efficiency gains in AI, but its traditional business cyclicality is holding it back, though Reitzes expects a 25% market cap buyback in 2027-2028. Investor Michael Burry remains skeptical, forecasting a return of cyclicality and alleviation of shortages due to ramping Chinese memory production capacity. Micron will report earnings after the bell on Wednesday, with estimates of 31.72 dollars EPS and 51.33 billion dollars in sales, with the market pricing in a 7% move for the stock.
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