$MU 2X Long ETF(MUU.US)

The recent pullback in memory stocks has not changed my long-term conviction. Instead, I have been averaging down on my leveraged Micron ETF, MUU, because I believe the market is underestimating the next phase of the AI memory cycle. As AI models become larger and more compute-intensive, demand for high-bandwidth memory (HBM) and advanced DRAM continues to grow. Short-term price weakness has given me the opportunity to build my position at more attractive levels rather than chasing momentum.

I also believe the current correction is driven more by sentiment than by a deterioration in Micron's fundamentals. Investors have become increasingly selective after earnings season, but the structural drivers remain intact. AI servers require significantly more memory than traditional servers, while cloud providers continue investing heavily in next-generation AI infrastructure. As supply tightens and demand for advanced memory products accelerates, I expect Micron to remain one of the key beneficiaries of this long-term trend.

Of course, holding a leveraged ETF like MUU comes with higher volatility, which is why I only average down when my long-term investment thesis remains unchanged. My strategy is not to predict the exact bottom, but to accumulate during periods of fear while maintaining disciplined position sizing. If AI infrastructure spending continues expanding over the next several quarters, I believe today's weakness could prove to be an attractive opportunity for long-term investors.