AI Memory Trade Faces A Reality CheckMicron remains one of the biggest beneficiaries of the AI memory boom, but recent price action suggests investors are reassessing how long strong high-bandwidth memory (HBM) demand, pricing power and hyperscaler spending can sustain the sector’s rally.Investor sentiment also deteriorated after reports of China’s progress in deep ultraviolet lithography machines raised concerns about future memory-chip supply and increased competition.Deutsche Bank strategist Jim Reid told the Financial Times that renewed worries over AI infrastructure spending and lower-cost Chinese competition triggered another wave of selling in global semiconductor stocks.Technical AnalysisMicron remains in a long-term uptrend despite…