Micron is up 147% so far this year. It is trading like a momentum stock, but they have the numbers to back it up. Last quarter sales increased 196% and earnings went up 771%. Demand is high right now, with customers buying whatever memory chips are available regardless of price. Their gross profit margin is expected to be above 75% this year, compared to Nvidia at 71%. The main concern is what happens when this memory supercycle ends. Semiconductors are a historically cyclical industry, so competitors will eventually emerge to challenge those margins just like we are seeing in the AI chip space.