For companies valued at $1 trillion or more, few can match the growth Micron Technology (NASDAQ: MU) and Space Exploration Technologies (NASDAQ: SPCX) (better known as SpaceX) are delivering. In each of their past quarters, Micron delivered an incredible 346% growth, while SpaceX posted 92%. That makes them the fastest-growing trillion-dollar companies.
But which one is the better buy right now? Let's take a look at each stock and see which makes the most sense for your investment dollars. This Rare Signal Is Flashing Again.
In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » Micron and SpaceX aren't competitors.
They are two entirely different companies that may happen to use each other's products but have no relationship beyond that. Micron makes memory chips, which are in short supply due to the AI build-out, which is taking up nearly all available production capacity. This situation won't last forever, and when demand decreases, it could hurt memory chip pricing and cause Micron stock to be a bust.
However, there are few signs of that happening right now, and with more production capacity not arriving until later next year, there is plenty of time for Micron to ride this demand wave. SpaceX's business is more complex, as it owns a space payload delivery business, an internet provider (Starlink), a social media company (X), and an AI platform (xAI). While that is a wide-ranging business conglomerate, each of them fits into what SpaceX is trying to do, and all of them have long-term viability without any cyclical concerns.
As a result, I'm giving SpaceX the business edge here. As mentioned, Micron's growth rate is incredible at 346% year over year. Due to rising prices for its products and higher input costs, Micron's profits are also soaring.
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