Jung Woo-chang

Samsung Electronics' recent underperformance due to strike fears is overdone. The government has signaled emergency arbitration, making a full production shutdown unlikely. Past precedents show management-favorable resolutions. The valuation gap versus SK Hynix is excessive given Samsung's larger revenue base, and once the strike issue is resolved, the stock should rebound. Current weakness is a buying opportunity for long-term investors.

NVIDIA's upcoming earnings will be strong due to continued AI infrastructure spending, high product prices, and management's upward revision of potential TAM. The stock has recently broken out of a consolidation range and trades at a reasonable P/E of 24-26x, making a positive post-earnings reaction likely. Contrary to the pattern of past earnings selloffs, this time investor positioning is lighter, reducing the risk of a sell-the-news event.