The article discusses how the era of artificial intelligence (AI) is benefitting leading chip companies, with a focus on Arm Holdings and Micron Technology. Arm Holdings, known for its energy-efficient chip technology, is seeing strong adoption for its Armv9 technology in data centers and AI-enabled PCs. With revenue growth in the cloud computing market and a high valuation, Arm is positioned for long-term success. On the other hand, Micron Technology, a supplier of memory chips, is experiencing increased demand from AI servers, driving revenue growth and earnings. While cyclicality poses a risk, Micron's growth potential is supported by favorable pricing trends. Overall, the AI boom is expected to fuel strong growth for these chip companies, making them lucrative investment opportunities for the future.