Alpha Binwani Capital: “Micron’s rebound above $975 suggests Monday’s Anthropic-led selloff was a positioning-driven overreaction rather than a break in the memory-cycle thesis. Investors initially interpreted AI-safety warnings as a threat to frontier-model development and, by extension, AI data-centre demand, but calls for stronger alignment, testing and oversight are not the same as reduced spending on training clusters, servers or high-bandwidth memory. Micron’s fundamental case remains tied to the physical constraints of AI infrastructure—rising HBM and DRAM content per accelerator, supply discipline and a tightening memory market—not to a single policy debate. For the bearish view to become fundamental rather than narrative-driven, investors would need to see tangible evidence of hyperscalers or AI labs cutting capex, delaying cluster deployments, reducing accelerator orders or scaling back memory purchases; so far, none has emerged” Micron #MU #ArtificialIntelligence #AIInfrastructure #HBM #HighBandwidthMemory #DRAM #Semiconductors #MemoryChips #DataCenters #Hyperscalers #AIStocks
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