Micron's 254% run boosts trackers, but Aschenbrenner's 36% bet carries the risk

All three trackers are riding this year's ~254% Micron surge, and this bullish news reinforces those gains. The most leveraged is Leopold Aschenbrenner, with a huge 36.5% of the portfolio in MU, so a memory-cycle turn would hit hardest there. Micron sees very tight supply lasting past 2027, but shares now trade above consensus targets, meaning much optimism is priced in and cyclical risk is real.