Everyone's treating [Micron's blowout earnings](https://www.marketwatch.com/story/micron-has-suddenly-become-one-of-the-worlds-most-important-stocks-e6f4c517?mod=mw_rss_topstories) and [Apple's price hikes](https://www.marketwatch.com/story/apples-macbooks-and-ipads-are-getting-more-expensive-as-the-memory-crunch-deepens-ec6ae81d?mod=mw_rss_topstories) as pure semiconductor tailwinds, but the real signal is hiding in plain sight: inflation is crushing industrial capex cycles.

Research these companies