Oil and Rates Surge Crush Semiconductor Stocks… Don't Be Afraid? / The Shock of Microsoft's Revealed 'Triple Expansion' | CEO Lee Ju-yeon

Summary

Lee Ju-yeon, CEO of M Investment, reviews a US market selloff led by semiconductors as oil and rates surged. She highlights Oracle's strong AI cloud results and Microsoft's plan to triple data-center capacity, which supports HBM/memory and AI infrastructure themes. She also discusses cybersecurity as AI's next beneficiary, Apple's defensive appeal, and skepticism on Apple foldable supply-chain stocks.

• US indices fell about 0.6%, with semiconductors leading declines and KOSPI expected to open down around 3%.
• WTI crude broke $100 and the 10-year Treasury yield approached 5%, raising concerns about persistent inflation and rate hikes.
• Oracle surged after strong AI cloud results, 121% OCI growth, and a larger RPO backlog.
• Microsoft plans to expand data-center capacity from 12GW to 38GW by 2032, boosting AI chip capacity about sixfold.
• The expansion supports HBM, server DRAM, SSD, power equipment, and energy infrastructure demand.
• Jensen Huang called cybersecurity AI's next major use case, driving US security stocks.
• Apple was seen as defensive due to lower AI capex; Korean Apple foldable parts were viewed skeptically long-term.
• Korean cybersecurity was described as lacking competitive immediate plays, with SK Telecom and NAVER only long-term possibilities.