The video presents a fundamental analysis of Micron (MU) and Applied Digital (APLD). It states that AI spending is projected to double, potentially benefiting companies involved in AI infrastructure. Micron's current trading price is around $226, with a year-to-date increase of 166% and data center revenue up by 137%. Flagship product is already sold out and a high target price of $325. Applied Digital has secured $16 billion in long-term leases, and there is a strong compute demand. The key metric to watch is the supply pipeline tied to AI infrastructure orders. Micron's HBM3e memory is sold out for the year, with annual revenue of $8 billion from this product line is projected, with management expecting this to improve. Analyst Ratings give Micron is rated a strong buy with target around $325