$Micron Tech(MU.US)The impact of Bitcoin's sharp drop on U.S. stocks is mainly emotional transmission and partial sector shocks, not systemic risks. The core drivers of the U.S. stock market are still Fed policy, corporate earnings, and macroeconomic data. Bitcoin volatility is only a short-term emotional disturbance and will not change the medium- to long-term trend of U.S. stocks.

The recent sharp drop in tech stocks like Micron is mainly due to their valuations being pushed to a temporary high, combined with concentrated profit-taking in the sector and a semiconductor-wide technical pullback triggered by AMD's weaker-than-expected earnings guidance. It has almost no direct connection to Bitcoin's plunge.

The U.S. economy is still growing moderately, and corporate earnings remain resilient. The so-called economic collapse narrative lacks real data support and is more a result of extreme market panic. Rationally, what’s more likely to follow is an economic slowdown and partial sector volatility, not a full-blown collapse.

If you recognize the long-term industry trend of AI computing power and memory chips and can tolerate the high volatility of cyclical stocks, Micron can definitely be held as a core position for the long term—at least until the end of 2026, I see no major issues. But if you have extremely low tolerance for short-term pullbacks, reducing positions for safety or even taking a contrarian approach is also an option. The key is whether you can time the market precisely; otherwise, you’re likely to miss out or get trapped in the volatility, which would be counterproductive.