Samsung Electronics' Q3 DRAM Price '20% Surprise Hike' / Big Tech Can't Stop Investing, Fire on Their Heels.

Summary

Director Lee Ju-yeon analyzes market volatility, ETF-driven flows, and the exaggerated sell-off in AI infrastructure stocks on administrative noise. He highlights deep value in KOSPI comparable to the 2008 crisis and focuses on Samsung Electronics' aggressive Q3 DRAM price hike push and SK Hynix's favorable LTA terms, arguing that recurring oversupply fears are contradicted by strong real demand data.

• KOSPI has fallen into a deep value zone with PBR below 7,750 and PER near 2008 crisis lows, signaling a long-term buying opportunity.
• AI infrastructure and power equipment stocks sold off sharply on a data center cancellation that was administrative, not demand-driven, making it a short-term buying opportunity.
• Samsung Electronics is aiming for a more than 20% sequential DRAM price increase in Q3, backed by a dedicated pricing task force and tight supply.
• SK Hynix benefits from long-term supply agreements with no price ceiling on some contracts, allowing it to capture higher prices in a sustained tight market.
• Real demand indicators—rising hyperscaler capex, expanding HBM contracts, firm server DRAM prices, and strong GPU orders—refute the recurring oversupply narratives.
• Korean won intervention briefly stabilized the currency, but structural confidence remains low.
• Weaker US jobs data is reducing rate hike expectations, which is a supportive factor for tech valuations.