Rather than buying and selling, let's fill up on stocks that have become cheaper | Chesley Investment Advisory Vice President Choi Il-ho

Summary

Choi Il-ho, Vice President at Chesley Investment Advisory, reviews the weekly US market and portfolio strategy. He highlights OpenAI's GPT-6 Astra as a major AI catalyst that could boost inference demand and reinforce the AI infrastructure capex cycle, especially in semiconductors, AI computing, networking, and memory. He also discusses labor data, rates, and upcoming Oracle/Adobe earnings, and advises selectively accumulating cheaper stocks with improving fundamentals rather than trading charts.

• GPT-6 Astra is framed as a major AI model launch that may accelerate AI adoption and inference demand.
• UBS's AI flywheel links productivity gains to more token demand and data-center capex, with power and financing as bottlenecks.
• Morgan Stanley favors AI computing, networking, and memory as supply-constrained AI opportunities.
• Semiconductor and AI infrastructure shares have consolidated but may recover losses and prior highs.
• US jobs data looked strong but was partly temporary; unemployment was 4.14%.
• The 10-year Treasury yield is around 4.8%, with PPI and CPI in focus.
• The speaker advises selective accumulation of cheap, improving stocks rather than chart-based trading.
• Oracle and Adobe earnings are highlighted as events to monitor.