Core Viewpoint - The Morgan Stanley analyst expresses optimism regarding the significant increase in memory prices, which is expected to lead to "substantially higher earnings power" for Micron [1] Group 1 - Memory prices are experiencing a boom, which is positively impacting the earnings potential of Micron [1] - The phrase "Better late than never" indicates a delayed but positive market response to memory price increases [1]

Core Viewpoint - Earnings power is highly relevant in the current stock market environment, which is consistently reaching new highs driven by expectations of increased profits [1] Summary by Categories - **Market Performance** - The stock market is experiencing continuous highs, indicating strong investor confidence and expectations for future profitability [1]