Behind Micron's Plunge: Is the AI Bubble Starting to Show Its "Fangs"?

Micron Technology suddenly plummeted from a high, prompting many investors to seriously consider one question:
Has AI already been overhyped?
Over the past year, the AI concept has almost dominated global capital markets. As long as it's related to AI, stocks tend to surge rapidly. Chips, servers, storage, cooling, even power companies can ride the hype.
And Micron is the star player in this AI feast.
With explosive demand for HBM, frantic expansion of AI servers, Micron was directly promoted by funds as the "core asset of the new era."
But the problem is, the market is no longer investing, but "faith recharging."
Many people's logic for buying stocks is becoming simpler:
AI has a huge future;
So now, any price is not expensive.
This atmosphere is the most dangerous.
Because the capital market has never lacked stories; what it lacks is the speed of realization.
This time, Micron's plunge essentially reveals that: the stock price increase has outpaced actual growth.
So institutions began to realize profits.
And the biggest characteristic of retail investors is that they always rush in at the peak of emotion.
As a result, many people's account trends now are highly synchronized with a roller coaster.
Even more frightening is that the AI sector is now highly correlated. When one company crashes, it can easily drag down the entire chip sentiment.
So the market begins to show familiar scenes:
Yesterday, praising AI for changing the world;
Today, discussing who will take over the burden.
Of course, in the long run, the AI industry still has huge potential. The problem is: even the greatest industry cannot rise forever in a straight line.
The most favorite thing Wall Street likes to do is to hype up expectations for the next ten years within half a year.
Then, it takes a year to tell the market: "Calm down."#Gate广场五月交易分享