u/doronj

The author argues the recent semiconductor and memory selloff is a structural problem generated in Kospi, not a fundamental one, so NVDA should recover as Korean measures take effect. Korean government liquidity infusion (point 4) is expected to stabilize Kospi, which the author believes will drag Nasdaq and tech names higher over the next two weeks. The author cites 30 years of investing experience and decent valuations versus the internet bubble, with AI adoption not topping soon. Main risk implied is that the manipulation and forced liquidations could continue before stabilizing.

The author contends SK Hynix's blowout results validate the memory cycle and that SNDK's near-term weakness is driven by Korean leveraged-account margin calls rather than fundamentals. He expects SNDK to recover ground after MSFT, META and AMZN report and confirm capex spending. The stated risk is continued Korean margin-call mayhem pressuring memory names in the interim.

The author argues SK Hynix's record results (revenue +257% YoY, operating profit +557% YoY) show memory demand is strong and that the analyst consensus miss is meaningless because Korean companies give no forward guidance. He expects MU to fall short-term due to Korean leveraged accounts and margin-call mayhem, but to regain ground after MSFT, META and AMZN earnings confirm capex strength. The main stated risk is the Korean margin-call driven selloff dragging the whole memory sector down first.