Apple wants banned Chinese chips — memory suppliers like Micron have all the pri
Thesis
The Bloomberg Brief reveals that Apple is appealing to the Trump administration to buy memory chips from blacklisted Chinese firms, signaling a massive, desperate demand for memory chips. Simultaneously, we know the Mag 7 shed $2.3 trillion in June due to AI spending scrutiny, but CNBC reports that investors funneled $2 trillion into chip suppliers like Micron instead. With Apple starved for supply and capital rotating away from software giants into hardware suppliers, Micron represents the strongest pure-play intersection of these two massive macro trends.
Strategy approach
Build a strategy that enters long MU (Micron) on D1 when MU closes up >2% on higher-than-average volume while the broader Nasdaq 100 (QQQ) closes flat or negative. Exit if MU closes below its 20-day moving average or after a 30-day max hold.