Former hedge fund manager Martin Shkreli said Micron Technology is closing the profit gap with Nvidia Corp., arguing that the recent market selloff obscured the company's fundamental strength. Shkreli projected that Micron could generate more net income than Nvidia as early as the next quarter, driven by AI demand for high-bandwidth memory that is tightening supply for standard DRAM.

"I think they’re going to do more net income than Nvidia just even next quarter," Shkreli said during a livestream. He noted that Micron reportedly earned $28 billion last quarter against Nvidia’s $58 billion, with the gap projected to narrow to $35 billion versus $51 billion.

Projected Financials and Margins

Shkreli suggested that Micron’s gross margins may reach 90%, a level he described as "kind of nuts." His model forecasts roughly $200 billion in earnings through calendar 2027, potentially leaving the stock at around three times 2028 enterprise value. Even in a bear case where revenue halves and margins decline, he estimates Micron may still earn $100 billion.

Market Sentiment and Risks

Despite his optimism, Shkreli acknowledged risks, noting that most of Micron’s business remains commodity DRAM, which he called "relatively easy to make," with China likely to emerge as a new supplier. Polymarket traders currently see a 54% chance the stock hits $810 this week and a 39% chance it rebounds to $990, while Kalshi data places the chance of a U.S. government stake in the company this year at 14%.

Shkreli characterized Friday’s price plunge as mechanical rather than fundamental, arguing that marginal buyers and brief distortions would soon correct the price. However, investor Michael Burry reportedly opened a short position against Micron near $1,051 earlier this month, shortly before the stock shed roughly $110 billion in market cap in a single session.

Scott+Scott Attorneys at Law LLP has launched an investigation into whether certain officers and directors of Micron Technology, Inc. failed to manage the company in an acceptable manner, breaching their fiduciary duties. The law firm is examining whether Micron and its shareholders have suffered damages as a result. Attorney Joseph A. Pettigrew is leading the investigation.

The investigation centers on allegations that owners of Micron common stock have been impacted by the company's participation in a computer memory price-fixing scheme. On June 25, 2026, a consumer class action complaint was filed against Micron alleging anticompetitive behavior around computer memory supply and prices. Scott+Scott noted its track record in fighting for corporate governance and monetary recoveries on behalf of companies and their shareholders.

Shareholders who own Micron common stock are invited to join the investigation. Participation is at no cost to shareholders. The firm aims to inform investors of their rights as Micron shareholders and explain the process and potential outcomes.

Shareholders wishing to discuss the investigation may contact attorney Joe Pettigrew toll-free at (844) 818-6982 or via email at jpettigrew@scott-scott.com . Additional information about the law firm and its case resolution capabilities is available on its website.