Matt Powers 5.0 1 idea

Micron tripled revenue, is one of few major companies with positive returns YTD, driven by AI demand for high-end memory chips used in data centers. Structural shift in demand and pricing power due to AI; no real supply coming online to meet it, leading to a memory shortage that could persist for years. Despite share pullback from increased capEx (e.g., new fabrication plants), the fundamental outlook is positive due to sustained demand and supply constraints. Faster-than-expected supply expansion or slowdown in AI adoption could alleviate the shortage and pressure prices.