To The Moon

Micron's massive growth is 'coming at nearly pure profit,' and that's starting to have real implications for the S&P 500. Now Wall Street has something to pay attention to. Micron Technology has become a stock-market darling over the past year, and as the company and its profit pool have exploded in size, Micron's results are increasingly relevant to the S&P 500 SPX. The company is due to post its financials on Wednesday afternoon.Nvidia and Micron are projected to be the top contributors to S&P 500 earnings growth for what's referred to by FactSet as the second quarter, meaning reporting periods that end in the months of May, June or July. Without Nvidia and Micron, the estimated earnings growth rate for the S&P 500 would fall to 14.9% from 22%, FactSet senior earnings analyst John Butters told MarketWatch.Micron has been shifting more of its business toward high-bandwidth memory, which is increasingly crucial for AI applications - and also much more profitable than traditional dyna

By Amrith Ramkumar, Rolfe Winkler and Raffaele Huang. The last thing President Trump wants is another hit to consumers' pocketbooks. But there is little policymakers can do to quickly address the memory-chip shortage behind Apple's decision to raise prices.Only a handful of companies make memory and storage chips, and it takes years to build new factories. Three industry titans -- Samsung Electronics, SK Hynix and Micron Technology -- dominate the business of memory chips, also called DRAM. They are using much of their capacity to serve the fast-growing artificial-intelligence industry, squeezing consumer-technology companies.U.S. lawmakers have approved tens of billions of dollars in grants and tax credits to expand semiconductor manufacturing in the U.S., including memory-chip factories being built by Micron in Boise, Idaho, and Clay, N.Y., near Syracuse. The problem is, the first of the new Idaho facilities won't open until the middle of next year, and the New York plant won't star