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Micron earnings are coming, and I’m watching memory prices more than the headline EPS. AI has created huge demand for high bandwidth memory, but expectations around memory stocks have also risen a lot. At this stage, simply saying “AI demand remains strong” probably isn’t enough for me. I want to see whether HBM demand is translating into stronger pricing, better margins and more visibility into future orders. Personally, I think Micron is an interesting way to check the health of the broader AI infrastructure cycle. Nvidia tells us how strong demand is for compute. Micron can tell us whether that demand is continuing to spread into the memory needed to power those systems. The risk I’m watching is supply. Memory has always been cyclical, and strong pricing can eventually encourage more capacity. If supply catches up too quickly, the story can change. #MicronEarningsAhead $BTC