Micron's 22% slide tests the AI memory bet Tepper and the AI tracker made

Both wallets bet big on Micron because AI data centers keep gobbling up memory chips, and that bet just got a stress test. On July 13 a bad forecast from Korea's SK Hynix sank memory stocks worldwide, dragging Micron down about 22% in a month. The trade now moves as one across the Pacific, so any wobble in cloud-giant spending hits every name at once. But the wallets are wagering the AI buildout keeps running, and Micron's record sales say the demand is still there.