Micron and Rivian: A $1,000 Play for AI Chips and Electric Trucks in 2026

The piece argues that a $1,000 stake in Micron Technology and Rivian Automotive could yield meaningful long‑term gains in 2026 and beyond: Micron benefits from booming AI data‑center memory demand, reporting 57% revenue growth to $13.6B and about $8.4B in free cash flow in its fiscal Q1, while trading at a forward P/E around 11.5; Rivian, despite near‑term EV headwinds and reduced government incentives, has room to grow as Ford retreats from EVs and it expands with new products, supported by a low valuation (P/S around 3.2) and solid revenue growth (Q3 revenue up 78% YoY to $1.56B). Still, macro policy shifts and sector cycles pose risks to this thesis.