The AI buildout has turned memory chips into the year’s most crowded trade, and Micron Technology Inc. (NASDAQ:MU) has become its poster child with a roughly 740% one-year run.

Yet the two biggest winners of the same boom are hiding in the small-cap benchmark, and almost no one is watching.

Bloom Energy Corp. (NYSE:BE) is up about 1,118% over the past year, and Applied Optoelectronics Inc. (NASDAQ:AAOI) about 1,027%. Both have left the memory giant behind.

Read Also:

Micron And The Memory Trade Look Bulletproof: This Analyst Says A 5% Yield Cracks Them

Why These Two Small-Cap Stocks Beat Micron

Bloom Energy sells solid oxide fuel cells that deliver on-site power in months, ...