Just buy it now" Samsung Electronics and SK Hynix stock prices.. climbing 'here' over a wall of doubt. Q2 earnings will be even better | Choi Chang-jun, CEO of Choi Sun Investment Advisory

Summary

Choi Chang-jun, CEO of Choi Sun Investment Advisory, argues that the semiconductor super cycle is far from over. He highlights low valuations and strong earnings growth for Samsung Electronics, SK Hynix, and Micron Technology, and also recommends Samsung Electro-Mechanics for its MLCC exposure to AI data centers. He provides technical levels to watch for potential trend reversals.

• The three major memory makers (Samsung, SK Hynix, Micron) are in a structural super cycle driven by AI data center demand and supply discipline.
• Memory stock valuations are low (P/E 7-10x) compared to Nvidia (25-28x), suggesting further upside.
• Q1 2026 earnings were the bottom; operating profits are expected to rise sharply through 2026.
• SpaceX and OpenAI IPOs expected later this year will funnel more capital into AI infrastructure, boosting semiconductor demand.
• Samsung Electro-Mechanics benefits from rising MLCC demand in AI servers, with target prices upgraded recently.
• Technical indicators: the uptrend remains intact as long as stocks hold above the 21-day moving average; a break below would signal a short-term top.
• Other sectors like power equipment, optical communication, and robotics are mentioned but not recommended with conviction.
• The speaker advises maintaining a 40% semiconductor allocation in a diversified portfolio.