Lee Eun-taek

KOSPI is in a strong uptrend driven by AI semiconductors, solid GDP growth, increased foreign inflows, and a domestic economy that is not as weak as feared. Despite rapid gains, there is no imminent catalyst to reverse the trend, so investors should stay invested and not exit prematurely.

AI semiconductor investment is self-sustaining and cannot be stopped voluntarily because scaling laws continue to show improvement, competition among big tech is fierce, and companies see a clear path to AGI within 3-5 years. Any slowdown would only come from an external macro shock like recession or rate hikes, which are not imminent. Therefore the sector remains a compelling long.