Samsung Electronics and SK Hynix Operating Profit Upgrades Have Stopped... Has Semiconductor Leadership Change Begun? | Eugene Investment & Securities Executive Director Heo Jae-hwan

Samsung Electronics, SK Hynix Operating Profit Upgrade Stopped... Has Semiconductor Leadership Change Begun? | Eugene Investment & Securities Executive Director Heo Jae-hwan
Watch on YouTube ↗  |  August 29, 2026 at 07:30  |  20:27  |  815 Money Talk (815머니톡)
Speakers
Heo Jae-hwan — Eugene Investment & Securities Executive Director

Summary

Eugene Investment & Securities Executive Director Heo Jae-hwan discusses semiconductor, auto/robot and power equipment investing after Nvidia's strong results. He argues AI semiconductor cycle worries have largely resolved, but Samsung Electronics and SK Hynix upside is limited because earnings upgrades have stalled and HBM, margin and currency pressures are building. He favors Korean semiconductor substrate/materials and power grid/equipment names, while treating autos and robots as a longer-term story that still needs time.

  • Nvidia's strong guidance resolves near-term AI semiconductor cycle concerns.
  • Samsung and SK Hynix profit upgrade momentum has stalled, limiting sharp upside.
  • Korean semiconductor substrates and materials look more attractive than Samsung and SK Hynix for new investment.
  • KOSDAQ semiconductor equipment and materials names have structural limitations but still hold potential as volumes grow.
  • Auto stocks are neutral and robot-related names need a clearer blueprint and more time.
  • Power equipment, transmission/distribution and ESS remain positive on AI datacenter demand and Korean competitiveness.
Ideas
Heo Jae-hwan Eugene Investment & Securities Executive Director 0:04
Samsung and SK Hynix upside limited.
Samsung Electronics and SK Hynix still benefit from AI memory demand, but their operating profit upgrade cycle has stalled because DRAM price increases are slowing, HBM price increases are becoming a margin burden for customers, competition is intensifying, and the sharp won appreciation is a contract/currency headwind. The stocks are more likely to grind slowly higher, but sharp upside is difficult.
005930.KS 000660.KS HIGH
Heo Jae-hwan Eugene Investment & Securities Executive Director 0:07
Substrates and materials better than Samsung/SK Hynix.
For new investment, Korean semiconductor substrate and materials names are more attractive than Samsung Electronics and SK Hynix because the semiconductor trade is shifting from P, price, to Q, volume. As advanced packaging and HBM volume ramps, substrate and materials earnings growth can accelerate next year even as headline semiconductor earnings growth slows from this year's extremely high pace.
REMX HIGH
Heo Jae-hwan Eugene Investment & Securities Executive Director 1:02
AI semiconductor cycle worries largely resolved.
After Nvidia's strong results and guidance indicating roughly 70% revenue growth for next fiscal year rather than the feared 40%, most near-term worries about the AI semiconductor cycle should be resolved. The guidance implies AI demand is too strong for supply to fully meet, so the AI semiconductor cycle remains intact.
NVDA SMH HIGH
Heo Jae-hwan Eugene Investment & Securities Executive Director 11:36
KOSDAQ semiconductor equipment and materials have potential.
Korean semiconductor equipment and materials suppliers are structurally second-tier compared with global leaders such as Applied Materials, Tokyo Electron and ASML, and they depend heavily on Chinese materials and parts, which limits how cleanly they can rally on large cluster investment. However, because semiconductor volumes are set to expand this year and next, KOSDAQ-listed semiconductor equipment and materials names still have meaningful potential over time.
KOSDAQ Semiconductor Equipment and Materials MED
Heo Jae-hwan Eugene Investment & Securities Executive Director 14:31
Autos and robots need more time.
Auto stocks are neutral and unattractive as a pure auto trade because high interest rates are a textbook headwind for durable goods and global auto stocks are weak. Hyundai Motor has been relatively resilient and has long-term robotics optionality through Boston Dynamics, but the Investor Day lacked concrete robotics details. Robot-related names need a clearer blueprint and time, and high rates limit expectation-driven rallies.
005380.KS 058610.KQ 277810.KQ MED
Heo Jae-hwan Eugene Investment & Securities Executive Director 17:50
Power grid and equipment remain positive.
Power equipment, transmission, distribution and ESS remain positive because AI datacenter construction is still driving demand and grid/power is the tightest bottleneck. Recent weakness came from the sector already being up 10-20x and some US datacenter construction delays, but Korean companies such as Hyosung Heavy Industries and HD Hyundai Electric have proven global competitiveness and are building US factories, making this area preferable to expensive semiconductor names.
267260.KS 298040.KS Korean power grid and equipment HIGH
Up Next
23:02
OpenAI 'Jalapeno' Appears… Is Nvidia's Solo Run Over? / Golden Time to Check China is Over.. Samsung Electronics and SK Hynix's Real Crisis Begins? | Industry Analyst Dr. Lee Ju-wan
815 Money Talk (815머니톡) · Aug 29
39:19
Why Did Ancient People Consider the Moon More Important Than the Sun? Unexpected Traces Remaining in the Bible | Joo Won-joon, Senior Researcher at Hannim Biblical Institute [Ancient]
3PRO TV (삼프로TV) · Aug 29
1:51
Inside India's AI Ambitions
Bloomberg Markets · Aug 29
27:47
Credit balance surge... 'This stock' chosen by institutions selling Samsung Electronics, SK Hynix / US ban on Chinese ESS... Where is the domestic secondary battery leader? | Director Lee Ju-yeon
815 Money Talk (815머니톡) · Aug 29
58:08
China's Economy Is Said to Be Difficult... But Semiconductors and Robots Are Rising Rapidly | Ahn Yuhwa, Director of China Securities Administration Research Institute [Weekend Interview]
3PRO TV (삼프로TV) · Aug 29

This 815 Money Talk (815머니톡) video, published August 29, 2026, features Heo Jae-hwan discussing 005930.KS, 000660.KS, REMX, NVDA, SMH, KOSDAQ Semiconductor Equipment and Materials, 005380.KS, 058610.KQ, 277810.KQ, 267260.KS, 298040.KS, Korean power grid and equipment. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Heo Jae-hwan  · Tickers: 005930.KS, 000660.KS, REMX, NVDA, SMH, KOSDAQ Semiconductor Equipment and Materials, 005380.KS, 058610.KQ, 277810.KQ, 267260.KS, 298040.KS, Korean power grid and equipment