MICRON’S GROSS MARGINS ARE ~85%. MANY SOFTWARE COMPANIES CAN’T MATCH THAT -Micron’s recent gross margin was around 85 to 86%,* which xETFs’ Kenneth Wong calls “crazy for a hardware company” -DRAM (Dynamic Random Access Memory) prices are up about 7x over the past year, depending on the configuration,** and the CIO of @x_ETFs, reads expanding margins as a sign of a moat and pricing power -That’s why he focuses on operating profit and margins more than revenue, and he points to Samsung Electronics' ~$80B preliminary quarterly operating profit*** * Bloomberg, MU key stats, Quarter ended Sep 3, 2026; ** Bloomberg, DRAM spot prices, Sep 2025 – Sep 2026; ***Reuters Oct. 8. 2026 This is a paid advertisement. WOLF Financial and its partner accounts are compensated by xETFs to promote the Fund. This compensation creates a potential conflict of interest. To learn more about the Funds risks, expenses and holdings, or to view a prospectus, visit