Woofun AI notes that Creative Planning strategist Charlie Bilello highlights how AI demand for high-bandwidth memory is reshaping tech industry dynamics. Micron’s net profit has increased 15-fold over one year to approximately $28 billion, projected to exceed Apple’s $29.6 billion in the next quarter.

This surge reflects a shift in bargaining power, as memory capacity constraints force end-device brands to absorb cost pass-throughs. While Micron’s valuation multiple remains lower than Apple’s due to industry cyclicality, high profits are expected to trigger capacity expansion and eventual supply-demand reversal.