Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure demand

According to Channel NewsAsia, memory-chip manufacturer Micron has surpassed both Meta and Tesla in market capitalization, driven by intense demand for AI infrastructure. The shift underscores an often-overlooked reality: the companies providing essential infrastructure—memory makers, processors, data center suppliers—are capturing far more value than the AI innovators themselves. As demand for AI infrastructure accelerates, Micron's ascent reveals where the greatest profits lie: not with the technology pioneers, but with those building the foundation.

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