Yu Ri-pro

Расходы на инфраструктуру ИИ разделяют рынок на компании, сжигающие денежные средства (бигтех, SpaceX), и бенефициаров, получающих эти средства (производители памяти, систем хранения данных, оборудования, сетевых решений и электроэнергии). Сектор памяти выделяется благодаря концентрированному ETF (Roundhill Memory DRAM ETF вырос на 190% с апреля). Jefferies выпустил агрессивный прогноз цен на память: рост на 40-50% в квартальном исчислении в 3-м квартале и на 30-40% в 4-м квартале. Отчетность Micron на этой неделе подтвердит спрос на HBM и прогнозы по серверному сегменту. Листинг SK Hynix в США может открыть прямой путь для американских инвесторов. Акции производителей оборудования обновляют максимумы. Рынок совершает ротацию в сторону получателей капитальных затрат на ИИ.

Memory semiconductors, led by SK hynix and Samsung Electronics, remain strong buys. Micron's results confirm the uptrend, supply is tight with half of next year's HBM/output locked via LTAs, and valuations are cheap at 5-6x forward earnings vs 22x for KOSPI ex-tech. A cascade of catalysts (SK hynix ADR listing, Samsung preliminary earnings in early July, SK hynix earnings end of July, target price upgrades, and HBM price negotiations in September) will keep the spotlight on memory and drive further upside.

The Korean government is actively promoting data center construction as a new growth sector, and Korea has advantages such as stable power supply, land availability, and domestic memory production. As a result, data center‑related stocks are moving in a completely different trend from the overall semiconductor slump and could be a viable short‑term theme. Beneficiaries include construction, telecom, power equipment, and energy companies involved in data center projects.

The Korean government is actively promoting data center construction as a new growth sector, and Korea has advantages such as stable power supply, land availability, and domestic memory production. As a result, data center‑related stocks are moving in a completely different trend from the overall semiconductor slump and could be a viable short‑term theme. Beneficiaries include construction, telecom, power equipment, and energy companies involved in data center projects.

SK Eternix is the top pure-play beneficiary of the AI data center and sovereign AI trend. Institutional and foreign investors are aggressively buying, while retail sells. The stock is making new highs on heavy volume, confirming a strong trend. The government's 550 trillion won sovereign AI plan and SK Group's own AI data center business provide fundamental catalysts.

Cybersecurity stocks are hitting new 52-week highs amid the AI LLM boom, as security becomes a critical issue for large language models. CrowdStrike and Palo Alto Networks continue to be beneficiaries of this trend, standing out even during broader tech weakness. The thesis is that AI adoption increases attack surfaces and compliance needs, driving sustained demand for security solutions.

Cybersecurity stocks are hitting new 52-week highs amid the AI LLM boom, as security becomes a critical issue for large language models. CrowdStrike and Palo Alto Networks continue to be beneficiaries of this trend, standing out even during broader tech weakness. The thesis is that AI adoption increases attack surfaces and compliance needs, driving sustained demand for security solutions.

The AI cycle is shifting to agentic AI, where CPU becomes as critical as GPU. Global investment banks are raising targets on CPU stocks, expecting a 37% CAGR through 2030. Intel, Arm, and AMD are the core CPU plays, with Intel already making new highs ahead of Micron. These stocks offer the next major AI infrastructure opportunity beyond memory.

The AI cycle is shifting to agentic AI, where CPU becomes as critical as GPU. Global investment banks are raising targets on CPU stocks, expecting a 37% CAGR through 2030. Intel, Arm, and AMD are the core CPU plays, with Intel already making new highs ahead of Micron. These stocks offer the next major AI infrastructure opportunity beyond memory.

The AI cycle is shifting to agentic AI, where CPU becomes as critical as GPU. Global investment banks are raising targets on CPU stocks, expecting a 37% CAGR through 2030. Intel, Arm, and AMD are the core CPU plays, with Intel already making new highs ahead of Micron. These stocks offer the next major AI infrastructure opportunity beyond memory.

Расходы на инфраструктуру ИИ разделяют рынок на компании, сжигающие денежные средства (бигтех, SpaceX), и бенефициаров, получающих эти средства (производители памяти, систем хранения данных, оборудования, сетевых решений и электроэнергии). Сектор памяти выделяется благодаря концентрированному ETF (Roundhill Memory DRAM ETF вырос на 190% с апреля). Jefferies представил агрессивный прогноз цен на память: рост на 40-50% в квартальном исчислении в 3-м квартале и на 30-40% в 4-м квартале. Отчетность Micron на этой неделе подтвердит спрос на HBM и прогнозы по серверному сегменту. Листинг SK Hynix в США может открыть прямой путь для американских инвесторов. Акции производителей оборудования обновляют максимумы. Рынок совершает ротацию в сторону компаний, получающих выгоду от капитальных затрат на ИИ.