Micron dropped 3.6% yesterday due to rumors that South Korea might pass a windfall tax on AI chip profits. The stock bounced back 3.2% this morning after it became clear the tax idea just came from a Facebook post by a Korean official, not actual legislation. Even if a tax does become law, Micron doesn't manufacture chips in Korea, so it likely wouldn't apply to them. The company is currently sitting at a 35 P/E ratio with an estimated 75% earnings growth for next year.