Micron, AI memory demand, and whether this cycle is truly different

Recently I have been delving deeper into Micron Corporation particularly its business situation in terms of the demand for AI-driven memory and high-bandwidth memory (HBM). The management seems very confident, believing that HBM will remain in short supply for a long time to come and the demand for AI data centers has a structural difference from previous memory cycles. After going through a downturn, the prices of dynamic random access memory (DRAM) and flash memory (NAND) seem to be stabilizing. From historical experience, this indicates the beginning of a recovery. Meanwhile the memory industry is always cyclical, and it is difficult to determine how much of this strong trend is truly driven by AI-driven demand and how much is just a normal inventory reduction rebound under supply shortages. For those who are interested in Micron (MU) or the memory market, what do you think are the truly important factors this time? Is it the allocation of high-bandwidth memory (HBM) and whether long-term contracts can change the cycle, or do you still mainly focus on price and capacity expansion which were the key factors in previous cycles? I'm curious about how others view the current situation of Micron.