Emergency for Anthropic in 'Astra'... But Samsung Electronics and SK Hynix Are Smiling / The Real Reason PCB Surged Today

Emergency for Anthropic in 'Astra'... But Samsung Electronics and SK Hynix are smiling / The real reason PCB burst today [#GlobalInsight] No Geun-chang, CEO of Semicon Research Lab
Watch on YouTube ↗  |  September 09, 2026 at 06:30  |  31:08  |  815 Money Talk (815머니톡)
Speakers
Noh Geun-chang — Center Head, Hyundai Motor Securities Research Center

Summary

Noh Geun-chang, CEO of Semicon Research Lab, reviews the market implications of Anthropic's expected IPO, Google TPU/Anthropic cloud deals, neocloud data center buildouts, and European AI data center power demand. He turns constructive on Korean PCB/substrate names, memory pricing, Samsung SDI's ESS growth, and LG Innotek's substrate/robot transition. He also maps Apple's iPhone 18 Fold supply chain and lays out a 2030 glass-substrate roadmap.

  • European and Japanese rate pressures are a key macro input for next week's US trading, but no direct trade is framed.
  • Anthropic's IPO may cause rotation out of Alphabet, while Google TPU demand benefits Broadcom and Cisco gains from AI networking.
  • Named neocloud companies and European data center expansion support AI infrastructure, with Korean energy exporters likely to win European orders.
  • Apple's iPhone 18 Fold features Samsung Display's exclusive foldable display and memory content points to rising memory costs.
  • He is bullish on Korean PCB/semiconductor substrate names on broadening AI and networking demand.
  • Samsung SDI is highlighted for ESS-driven outperformance; LG Innotek is repositioning around substrates and robots.
  • Glass substrates are a real but 2030-timed opportunity, with Samsung Electro-Mechanics, LG Innotek and SKC as key Korean names.
Ideas
Noh Geun-chang Center Head, Hyundai Motor Securities Research Center 2:40
Alphabet faces selling into Anthropic IPO
With Anthropic's expected October IPO, he argues investors will rotate out of existing holdings to fund allocations, as seen in Space X and SK Hynix ADR deals. Among listed names, Alphabet is the largest candidate to sell because it runs Gemini and is the nearest AI/LLM competitor to Anthropic; he does not expect memory semiconductor names to be sold for this rotation.
GOOG MED
Noh Geun-chang Center Head, Hyundai Motor Securities Research Center 4:49
Broadcom gains from Google TPU demand
Anthropic is becoming the largest customer for Google's TPU/cloud lease deployments, with Google providing data center lease support. This powered Broadcom shares higher and Nvidia lower because Broadcom supplies custom silicon for Google's TPU. It supports Broadcom as a beneficiary of custom AI ASIC demand.
AVGO MED
Noh Geun-chang Center Head, Hyundai Motor Securities Research Center 5:41
Neocloud companies gain from AI datacenters
He highlights CoreWeave and Nebius as the two meaningful US-listed neocloud companies, and says UK/European neocloud firms such as Fluidstack and Nscale are emerging with large AI data center deals, while Nvidia is taking equity stakes in this ecosystem. The business itself has strong potential as AI data center infrastructure grows.
CRWV NBIS MED
Noh Geun-chang Center Head, Hyundai Motor Securities Research Center 7:10
Cisco benefits from AI data-center networking
xAI's data center in Memphis includes strategic investment from Cisco because AI data centers are no longer just GPU clusters; they require networking switches and chips to connect GPUs and data centers. Cisco's investment highlights its AI data center networking exposure and business synergy.
CSCO MED
Noh Geun-chang Center Head, Hyundai Motor Securities Research Center 12:31
Korean energy companies gain European orders
Europe's existing data center hubs are saturated in power grid capacity, so AI data center investment is shifting to Spain, Italy, Poland and Portugal. Korean energy companies that have already won US export contracts are likely to sign more European contracts, benefiting investors positioned in Korean energy/power equipment names.
Korean energy companies MED
Noh Geun-chang Center Head, Hyundai Motor Securities Research Center 16:03
Apple foldable display supply chain benefits
Apple's iPhone 18 Fold launch gives Samsung Display exclusive foldable display supply, which should help Samsung Display's revenue recover after about two years of stagnation, with initial foldable shipment expectations around 6 million units. This benefits Samsung Display's foldable supply chain names such as BH in FPCB and Duksan in materials.
Duksan BH Co. LOW
Noh Geun-chang Center Head, Hyundai Motor Securities Research Center 23:48
Korean PCB makers face booming substrate demand
The PCB/semiconductor substrate industry is in very strong condition. Demand has broadened beyond CPU/GPU to communication chips, flip-chip BGA and networking chips; substrate sizes and layer counts are increasing, and production loads could grow 2.5x from 2024 to 2028. Some substrate makers cannot meet customer demand unless customers provide factories and equipment. Key Korean names include Samsung Electro-Mechanics, LG Innotek, Daeduck Electronics, Simmtech and Isu Petasys.
KQ KS HIGH
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This 815 Money Talk (815머니톡) video, published September 09, 2026, features Noh Geun-chang discussing GOOG, AVGO, CRWV, NBIS, CSCO, Korean energy companies, Duksan, BH Co., KQ, KS. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Noh Geun-chang  · Tickers: GOOG, AVGO, CRWV, NBIS, CSCO, Korean energy companies, Duksan, BH Co., KQ, KS