Micron reported Q1 fiscal 2026 results recently and the numbers look strong. Revenue came in at $13.6 billion, up 57% year over year. Margins are expanding across the board with net income margin hitting 40%. The main driver here is AI memory demand. Data centers are expected to consume 70% of all memory chips this year, causing a shortage that could last another two years. Even though the stock is up 300% over the last year, it trades at a forward P/E of 10.6. For comparison, Samsung is at 12.7 and Nvidia is at 24.3. It looks like a cheaper way to play the AI hardware boom compared to the GPU makers.