Unprecedented Volatility Market.. What Are the 3 Major Negative Factors Shaking the Stock Market? / 23rd Sidecar This Year Alone, Has a Real Stock Market Crisis Begun? | Director Lee Ju-yeon

Summary

Director Lee Ju-yeon addresses three negative factors shaking the highly volatile Korean stock market, arguing they are misunderstandings. She says Crusoe's data center pause is temporary and AI memory demand remains strong, benefiting Samsung and SK hynix. She counters SemiAnalysis's CPO delay warning, stating scale-out CPO is on track, supporting optical stocks. She also argues a decline in token price is actually bullish for AI adoption. Near-term, KOSPI may see a bounce but remains risky amid key events.

• KOSPI has experienced 23 sidecar triggers this year, comparable to 2008 crisis-level volatility.
• Crusoe's Wyoming data center suspension is a schedule adjustment, not a demand cut; Vera Rubin chip timing may even boost memory ASPs.
• SemiAnalysis CPO warning is limited to scale-up; scale-out CPO production is on schedule per Nvidia and Lumentum.
• Optical communication stocks like Daehan Optical Telecom and Seowoo Electronics sold off on misplaced CPO fears.
• A decline in token price index reflects cheaper AI models, not falling usage, and is bullish for long-term AI hardware demand.
• Short-term volatility expected from CPI, Oracle earnings, and futures/options expiry; any bounce should be approached with caution.