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Micron Technology has become a Wall Street favorite, with its valuation soaring amidst booming demand for AI memory chips, particularly High-Bandwidth Memory (HBM). Its stock surged over 236% in a month, briefly surpassing Meta and Tesla's market cap, driven by blockbuster earnings and strategic long-term agreements to mitigate market volatility.
Apple is actively lobbying the US government for formal approval to acquire memory chips from ChangXin Memory Technologies (CXMT), China's foremost DRAM manufacturer, which is currently on the Pentagon's military-linked
