Chesley Morning Brief: Ceasefire maintained, corporate earnings beat, S&P500 and Nasdaq at all-time highs

[체슬리모닝브리프] 휴전 유지·기업 호실적S&P500·나스닥 사상 최고 [26/05/06]
Watch on YouTube ↗  |  May 06, 2026 at 00:52  |  1:59:25  |  Chesley Investment Advisory (체슬리투자자문)
Speakers

Summary

The hosts review global markets after a strong US session driven by semiconductor and memory stocks. They analyze Palantir's post-earnings decline due to a peaking rule-of-40 metric, and highlight AMD's bullish data-center outlook. Korean market rallies on foreign buying of Samsung and SK Hynix, with memory tightness expected to persist.

  • US markets rose on risk-on sentiment, with semiconductor indices surging 4%.
  • Palantir fell despite beating earnings, as its core growth-efficiency metric peaked and competitors showed superior scores.
  • AMD reported strong data-center growth and guided higher, driving after-hours gains of ~14%.
  • Memory stocks (Micron, SK Hynix) are supported by supply tightness that could last until 2027.
  • Korean market reached new highs, led by Samsung and SK Hynix on heavy foreign buying.
  • The hosts compare the current AI infrastructure buildout to the dot-com era, noting that hardware/memory may outperform software.
  • Geopolitical tensions in the Middle East eased temporarily, lowering oil prices.
  • Samsung is seen as undervalued with potential foundry upside.
Trade Ideas
Park Se-ik 19:00
Memory demand tight until 2027.
Micron's CEO stated that AI is still in early innings, memory demand is outstripping supply, and new HBM supply will not come until late 2027. This tightness supports continued price increases and earnings momentum for Micron.
MU MED
Park Se-ik 21:01
Best positioned for AI equipment capex.
Lam Research is in the strongest position among equipment makers because AI-driven capex is flowing into leading-edge wafer fab equipment, and Lam's products are critical for the advanced nodes that TSMC and memory makers are racing to build.
LRCX MED
Choi Ho 37:30
Growth metric peaking, valuation risk.
Palantir's core rule-of-40 metric is peaking after a strong run, and competitors like Micron and SK Hynix now show even higher scores at much lower valuations, creating multiple-compression risk. The stock is already declining as the market prices in a deceleration in its key growth-efficiency metric.
PLTR HIGH
Choi Ho 41:38
Superior growth metrics, lower valuation.
SK Hynix boasts a rule-of-40 score of ~270%, far above Palantir's 145%, yet trades at a single-digit P/E. This combination of superior growth-efficiency and low valuation makes it a compelling beneficiary of AI memory demand, especially HBM.
000660.KS MED
Choi Ho 50:13
AI data center growth accelerating.
AMD delivered a strong earnings beat with data-center revenue growing 57% YoY, and guidance implies accelerating growth. CPU demand is rising relative to GPU as agentic AI takes off, and the company can pass through memory cost inflation. EPS estimates should be revised up, making the current 42x P/E more reasonable.
AMD HIGH
Park Se-ik 96:58
Undervalued with foundry upside potential.
Samsung Electronics is deeply undervalued on both P/B and P/E relative to its memory cycle peak. A potential recovery in foundry market share, even a few percentage points, could add ~400 trillion won in market cap based on TSMC's valuation. The company also benefits from prolonged memory tightness.
005930.KS MED
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This Chesley Investment Advisory (체슬리투자자문) video, published May 06, 2026, features Park Se-ik, Choi Ho discussing MU, LRCX, PLTR, 000660.KS, AMD, 005930.KS. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Se-ik, Choi Ho  · Tickers: MU, LRCX, PLTR, 000660.KS, AMD, 005930.KS