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In different points of the market, investors find their new favorites. While in recent years it has been Nvidia (NVDA) or Alphabet (GOOGL) (GOOG), the wider AI trade has anointed a new darling: Micron (MU). Undoubtedly, with a rally of 296.74% year-to-date (YTD), shares of the memory chip major have been a massive hit with investors. In fact, the hype around the company was eclipsed only by those who were not even listed on the exchanges, like SpaceX (SPCX), OpenAI, and Anthropic.
