For decades, memory chips followed a painful script. 

Companies expanded capacity amid rising demand, translating into higher margins. A few years later, slowing demand meant an oversupply of products, which drove profits down. 

Artificial intelligence may be tearing up that script.

And one of Wall Street’s most closely followed chip analysts just weighed in on whether Micron’s remarkable run has room left.

Why Micron stock rides the AI memory boom

Every AI model needs a ton of memory driven by bigger models, longer conversations, and a widening user base. 

Micron (MU) Chairman and CEO Sanjay Mehrotra put it plainly on the company’s Sept. 30 earnings call. AI…