Comparing Innovation Spending: NVIDIA Corporation and Micron Technology, Inc.

A Decade of Innovation: NVIDIA vs. Micron

In the ever-evolving tech landscape, innovation is the lifeblood of success. Over the past decade, NVIDIA Corporation and Micron Technology, Inc. have been at the forefront of this innovation race, investing heavily in research and development (R&D). From 2014 to 2024, NVIDIA's R&D spending surged by over 550%, reflecting its commitment to pioneering advancements in AI and graphics technology. In contrast, Micron's R&D expenses grew by approximately 150%, underscoring its focus on memory and storage solutions.

Key Insights

• NVIDIA's Leap: By 2023, NVIDIA's R&D expenses reached nearly $7.34 billion, a testament to its aggressive push in AI and gaming sectors.
• Micron's Steady Growth: Micron's R&D investment, while more modest, consistently increased, peaking at $3.43 billion in 2024.

This comparison highlights the strategic priorities of these tech giants, with NVIDIA's rapid growth outpacing Micron's steady climb.