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Memory is cracking. ✅ Goldman's memory basket: -9.3% in one week. ✅ AI semis: -6.7% the same week. ✅ Micron broke under $1,000 Monday. 😇 I'm bearish memory and the memory cycle. ✅ China's CXMT: 10% of global DRAM revenue in Q2, per Counterpoint. ✅ Targeting 15%. ➡️ Basically, memory is a commodity. More supply, lower prices. ➡️ So who wins when memory gets cheap? Apple, AMD, Nvidia. 😇 Until you get an Iran deal, hardware is probably going to suck wind. 🚨 If Washington blocks Chinese DRAM, the shortage could last. ✅ SK Group's chairman says maybe until 2030.