Bill Baruch flagged Micron as a signal he’s been watching for a couple of weeks. After its last earnings report, memory stocks including Micron ran the following day, and he reads that move as capitulation on the market’s fear around AI CapEx spending. It’s part of a broader thesis he holds on the Mag Seven heading into the second half of the year, where he expects that CapEx concern to keep fading as names like NVIDIA and Broadcom deliver. Watch the full discussion here.