Reducing Semiconductor Weight?! Check 'This' in July | Lee Gwon-hui, CEO of Wizwave

Summary

Lee Kwon-hee, CEO of Wizwave, argues that the semiconductor sell-off is temporary and driven by exaggerated fears of AI capex cuts. He sees buying opportunities in Korean memory chips, US big tech, US biotech, and Korean earnings-driven sectors. He advises cautious partial buying in semiconductors and monitoring July earnings for confirmation.

• Semiconductor sell-off is a temporary correction driven by overblown AI capex cut fears; hyperscalers cannot cut investment due to intense competition.
• Physical AI and agentic AI will drive exponential memory demand, supporting long-term semiconductor growth.
• Korean memory stocks Samsung and SK Hynix are a buy on dips with cautious partial buying.
• US Philadelphia Semiconductor Index will resume uptrend after consolidation.
• US big tech hyperscalers Amazon, Meta, Google, Microsoft are undervalued and benefit from rotation.
• US biotech index hitting all-time highs signals that interest rates are peaking, making the sector attractive.
• Korean earnings season could highlight rotation into undervalued cosmetics, banking, securities, and biotech stocks.
• Investors should manage overweight semiconductor positions and raise cash to seize opportunities in other sectors.