Scenario description
Assume that through the resolution date, the memory and storage upcycle remains evident in supplier commitments, pricing power, and elevated capex, but public evidence does not show a broad operational procurement crunch for non-AI buyers. The initiating economic state is that Micron and peers continue to indicate strong demand and tight supply, yet the observable impact over the window is mainly higher prices, long-term commitments, supplier revenue visibility, or capacity investment rather than widespread reported allocation limits or product delays for PC, consumer-electronics, storage, automotive, or industrial buyers. Exact contract terms, product-by-product price increases, and shipment volumes remain as reported rather than assumed.