How one chip stock reversed the global tech selloff, exposed AI’s ‘memory tax’ and made the case for an entire valuation regime change

Micron's stellar performance dramatically shifted investor sentiment and halted the global tech selloff, marking a pivotal moment in how Wall Street values AI investments. The company's impressive quarter highlighted the "memory tax" issue in AI, revealing the hidden costs and inefficiencies tied to data storage. This revelation not only reframed the tech market's outlook but also signaled a potential paradigm shift in how tech stocks are assessed, suggesting a new valuation regime focused on sustainable growth and long-term efficiency in AI.