The industry signals revealed by Micron's financial report and their inspiration for my investment:

1️⃣ Memory is transitioning from a traditional cyclical product to a strategic resource in the AI era.

2️⃣ This round of profit explosion is essentially a price cycle caused by supply and demand imbalance.

3️⃣ AI not only benefits GPUs but will also reassess the entire computing infrastructure.

4️⃣ Investment inspiration:

Storage has been shared with me by friends since last year, but I still perfectly missed it, the main reason being I fell into the growth fallacy,

so this rise has inspired me the most about investing:

Don't just look at how big the demand is, but also see if the supply can keep pace quickly, demand determines the narrative space, supply elasticity determines who ultimately ends up with the profits, you cannot think linearly, especially regarding significant explosions.

5️⃣ Potential risks for Micron.

The current high gross profit and high profits include a clear shortage premium. In the future, it’s critical to watch whether the price increase slows, whether capital expenditures spiral out of control, whether inventory rises, and whether long-term contracts can truly stabilize across cycles.

My understanding is:

The AI line is not over yet, but the investment logic is shifting from buying into the AI narrative to looking for real bottlenecks.

Next, we can together seek those scarce capacities locked in by long-term contracts and prepayments from clients.

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