Micron Technology

Micron Technology is one of the few remaining makers of memory chips, producing DRAM and NAND flash used in everything from smartphones and data centers to cars. Memory is a commodity-like business marked by sharp boom-and-bust cycles, and Micron's earnings swing dramatically with supply, demand and pricing, even as long-term demand from AI and computing trends upward. Micron pays only a small dividend, introduced fairly recently, and the yield is negligible. The payout is a modest gesture toward shareholder returns rather than a core part of the investment case, and it must be weighed against the deeply cyclical nature of the business. This is a growth and cycle play, not an income holding.