Editorial companion

What stands out

Micron plunged more than 25% this month, and a Schwab Network debate captured two sensible reactions: Joe Mazzola argued that fundamentals have improved and pointed to Microsoft's continued artificial intelligence (AI) driven capital expenditures (CapEx) as a backstop, while Tom White countered that despite the sharp pullback the company's long-term growth story remains intact. They also walked through example options trades, which matters because volatility is where ideas meet execution and the clip reminds investors that small sizing and simple hedges usually outlast memory-chip cycles.