Micron emerges as standout chip play amid semiconductor rally. The memory chipmaker's revenue is tripling year-over-year, powered by sold-out DRAM and NAND supplies driven by the data center boom. Sequential pricing gains of approximately 60% for DRAM and 70% for NAND have pushed gross margins and earnings to record levels. Despite a recent 20% pullback following Q2 results, Micron trades at a discount compared to other semiconductor stocks. The company's new five-year customer commitments provide crucial visibility into long-term demand, significantly reducing the risk of future supply gluts that could pressure margins. In a market flight to safety, chip stocks represent the safest tech bet due to widespread sold-out conditions across the industry.
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