Why has Micron risen so sharply? Why is it said that MU has a high probability of breaking 1000? This is a bit exaggerated: from the market truly realizing it is the core bottleneck asset of AI to approaching trillions of dollars, it only took less than a year. The catalyst for this sudden surge in prices is mainly shown in the following chart: American analyst Timothy Arcuri raised his 12-month target price from $535 to $1625 and maintained a buy rating, This is also one of the highest target prices for MU on Wall Street at present. So the core catalytic point is here: the market is starting to re price 'memory'. Brothers, the main reason for this rise is that AI is truly changing the narrative: AI servers not only require GPUs, but also heavily rely on HBM, DDR5, DRAM, NAND, and storage bandwidth. America's logic is that the demand for AI data centers, long-term customer agreements, and server DDR5 supply lock-in will make Micron's profits no longer just fluctuate in traditional cycles, but enter a more certain stage of supply and demand tension. Previously, it was seen that some large cloud vendors have already locked in about 60% -70% of the DDR5 industry supply of servers through long-term agreements. America also expects that the tight supply of DRAM and NAND may continue until late 2028 and 2027, respectively. So, what does it mean? The AI mainline starts from the past: GPU/computing power/Nvidia Further spread to the entire supply chain of memory/storage/bandwidth/power/network/cooling/data center. This indicates that AI trading has officially entered the second stage: the market is beginning to look for bottlenecks outside of Nvidia.