Micron’s trajectory reveals a classic “first-mover advantage” narrative, heavily influenced by a confluence of technological trends – the explosive growth of generative AI, Nvidia’s dominance in GPU architecture, and a belated recognition of the memory’s central role in AI compute. The fundamental pattern here is a cascading demand loop: Nvidia creates a need for more memory, Micron responds with increased production, which fuels further Nvidia demand, and so on. This isn’t simply a matter of su...