MU (Micron) is exhibiting significant pricing power with 86% gross margins, leading Melius Research to project the company could begin buying back over $25B in stock per quarter during CY27. While MU hit all-time highs, the broader market and hyperscalers faced a sell-off as AAPL and Microsoft announced price hikes for products and XBOX citing rising memory costs. Despite the market dip, including NVDA falling below $200, the sentiment remains bullish on memory as the primary bottleneck of the AI era compared to SNDK and other tech assets.