Jang Jaeyoung

Korean memory semiconductor stocks such as Samsung Electronics and SK hynix will recover as the AI rally resumes. The three overhangs — demand, supply, and rates/liquidity — are being resolved: big tech capex and cloud revenue growth confirm solid AI demand; Chinese memory maker CXMT's expansion is limited by EUV equipment restrictions, low yields, and insufficient bit supply to meet even domestic demand, so global high-end memory supply remains tight; and US political dynamics with upcoming midterm elections plus softening employment data support interest rate stabilization, creating a favorable environment for tech. The market has already priced in worst fears and is building a bottom, with the three confirmations driving a staircase rebound toward prior highs.

Korean memory semiconductor stocks such as Samsung Electronics and SK hynix will recover as the AI rally resumes. The three overhangs — demand, supply, and rates/liquidity — are being resolved: big tech capex and cloud revenue growth confirm solid AI demand; Chinese memory maker CXMT's expansion is limited by EUV equipment restrictions, low yields, and insufficient bit supply to meet even domestic demand, so global high-end memory supply remains tight; and US political dynamics with upcoming midterm elections plus softening employment data support interest rate stabilization, creating a favorable environment for tech. The market has already priced in worst fears and is building a bottom, with the three confirmations driving a staircase rebound toward prior highs.