It might seem like Micron is the underdog in both markets, but it produces denser and more power-efficient DRAM and NAND chips than its larger competitors. Its focus on performance gives it an edge in the high-performance AI, high-performance computing (HPC), cloud, and data center markets, but it has a narrower moat in the commoditized PC and smartphone markets, which prioritize low prices over high performance.
https://www.fool.com/investing/2025/10/06/where-will-micron-technology-stock-be-in-1-year/