With shares up 1,290% over the last five years, Nvidia is the undisputed winner in the generative artificial intelligence (AI) megatrend. Let's explore why Micron Technology (MU +0.32%) and Amazon (AMZN +0.34%) could make strong buys. The computer memory market is notoriously cyclical because the hardware is commoditized. Generative AI has increased memory demand far faster than supply can keep up, leading to massive shortages. This move will reduce the number of shares outstanding and help boost earnings per share (EPS), even when memory demand cools.