The market always swings between the best and worst. Recent stock market performance and attitudes towards memory stocks seem to prove this. It reminds me of a chart I saw a long time ago: the fundamentals of a stock remain unchanged, but the price fluctuates wildly with changing market sentiment. Recently, memory stocks have plummeted, and many posts are calling memory a scam, like many other Ponzi schemes/memes. I find this ridiculous. Take Micron as an example; its latest quarterly revenue was $23.8 billion. SK and Samsung's quarterly revenue also reached $20-30 billion. This is real money; very few companies in the world can earn that much in a single quarter. Is this also a scam? Is this also a meme? The drop might be the original sin. The demand for memory is real, and cycles exist, but this round of cycle drivers has shifted more from consumer electronics to enterprise data center AI demand. Of course, this demand also has cycles. However, we can see from the Capex of various companies that the cycle is still in a period of frenzied investment and growth. More concerns lie with AI, the tightening of cash flow for various companies, the market disruption caused by war, the huge fluctuations in oil prices, and the withdrawal of funds from the Middle East. However, I am still betting on the future. If AI is real and represents a booming future, then I still believe in memory stocks this year. This is a personal decision, not investment advice.