Micron Technology’s results are reminding investors how quickly the memory-chip industry can recover. Wedbush analyst Matt Bryson says in a research note that the company’s 1Q results show a sharp improvement in fundamentals, including higher average selling price from favorable supply/demand dynamics. Just as memory-chip makers experienced a rapid downturn earlier in 2023, Bryson says the industry’s financials can rapidly improve. He sees memory-chip makers as in “the very early innings of what will be a prolonged industry recovery.”