The Moment Hesitant Investor Sentiment Breaks, a Huge Explosion Begins | Lee Kwon-hee, CEO of Wizwave

Summary

Lee Kwon-hee, CEO of Wizwave, discusses why AI and memory semiconductors are the market's strongest earnings story despite macro noise. He argues Samsung Electronics and SK Hynix are undervalued, with HBM re-acceleration in 2027 underappreciated, and expects the KOSPI to regain 7,500. The conversation also covers US rates, the Clarity Act/stablecoin expansion, China's memory threat, and Iranian geopolitical risk.

• US payroll data caused short-term selling, but AI hardware and memory semis still rallied.
• OpenAI's model push and Nvidia's Blackwell deployment are driving memory demand.
• Samsung Electronics and SK Hynix are seen as valuation/psychology victims, not fundamental breakdowns.
• China's CXMT is judged as not yet a genuine HBM/DRAM threat.
• The Clarity Act and stablecoin expansion may affect US Treasury demand and rates.
• Iran/Hormuz risk is recognized but not yet fully priced by markets.
• Lee maintains a bullish long-term KOSPI view, with 7,500 as a near-term target.