I think the memory rally is more than just a one-day headline trade. Musk calling memory the binding constraint for AI reinforces what we’re already seeing: AI infrastructure demand is increasingly running into tight memory and storage supply. That’s why I remain bullish on $Micron Tech(MU.US), $Sandisk(SNDK.US) and $Western Digital(WDC.US), even with the broader market under pressure.

Druckenmiller exiting Micron right before this move is definitely ironic, but I wouldn’t use one fund’s timing as a reason to change my thesis. Markets can move very differently from institutional positioning in the short term, and the stronger signal to me is still the supply-demand imbalance in memory. If demand continues outpacing supply, these companies could still have room to make new highs.

I’m also watching Hong Kong and Singapore closely because the divergence from Wall Street is interesting. With FOMC minutes, Walmart earnings and Jackson Hole ahead, volatility could stay elevated. For me, the strategy remains simple: stay selective, keep accumulating quality AI beneficiaries on pullbacks, and let the long-term semiconductor cycle play out. 🚀