Quick ReadMicron's 85% gross margin beats Meta, Microsoft, and Alphabet, which is remarkable for a hardware maker that posted negative margins just three years ago. Tim Cook called today's memory pricing a "hundred-year flood" as just three companies control roughly 90% of advanced AI memory supply. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Three years ago, the company was posting negative gross margins as excess supply crushed pricing. Today, fiscal third-quarter gross margin reached 84.9%, more than doubling from a year earlier thanks to soaring prices for AI memory.