Institutional capital is crowding into physical AI infrastructure as fixed-pricing frameworks and a structural supply deficit trigger historic margin expansion. Micron Technology (NASDAQ: MU) has officially crossed the $1 trillion market capitalization threshold, driven by a nearly 20% intraday surge and an unprecedented structural supply deficit in artificial intelligence (AI) memory chips.
Wall Street has historically treated semiconductor memory as a cyclical commodity, trapped in endless boom-and-bust pricing cycles. That framework is fundamentally broken. The physical limitations of next-generation AI data centers have handed total pricing power back to the suppliers.
