Does the stock performance of Micron (MU) destroy the efficient market hypnosis?

With major blue cap stocks like Micron $MU up 840% (so far) from a year ago, do you still believe in the efficient market hypothesis?

AI buzz has been around for years at this point but companies are still popping off to levels that baffle even the bulls. This stock is not unique either. Look at Intel $INTC recently, as well as others in the sector like $AMD or $QCOM.

With the future success being bought out many years in advance, what situations can you imagine that could complicate the future earnings growth of these companies that would result in collapse of the stock price ?