The author expresses a bearish outlook on Micron ($MU) and SanDisk ($SNDK), suggesting the explosive growth phase for these memory stocks is over as high prices force customers like Apple to seek cheaper alternatives such as China's CXMT. While maintaining a short position in the NASDAQ via $SQQQ, the author is avoiding new positions in memory makers in favor of Amazon ($AMZN), MercadoLibre ($MELI), and Nu Holdings ($NU). Reports indicate Apple is seeking U.S. approval to source chips from CXMT to reduce dependence on Micron, Samsung, and SK Hynix.