Ideas
US market can absorb higher yields
Kim argues the recent macro scare from oil and 5%+ 10-year Treasury yields is not a classic market-breaking shock because US earnings are still rising strongly; with EPS growth led by Big Tech, even a 5-6% 10-year yield can be absorbed, so macro-driven selloffs should be used as buying opportunities rather than treated as the end of the market.
Money rotates from hardware to software
Kim says higher rates pressure capex-heavy hardware companies because they have already used cash flow and must issue debt, while software is attracting the buying interest leaving hardware; software names are strong and not breaking down, with CrowdStrike and Palantir holding up, which he reads as a hardware-to-software rotation rather than a change in the market's underlying character.
Money rotates from hardware to software
Kim says higher rates pressure capex-heavy hardware companies because they have already used cash flow and must issue debt, while software is attracting the buying interest leaving hardware; software names are strong and not breaking down, with CrowdStrike and Palantir holding up, which he reads as a hardware-to-software rotation rather than a change in the market's underlying character.
Big Tech earnings buffer against high rates
Big Tech companies such as Alphabet and Meta are different from leveraged capex-heavy hardware names because they are highly profitable and generate enough cash flow and EPS growth to defend against high interest rates; Kim notes they are grinding higher despite the macro noise.
Korean semiconductor back-end is stronger
Kim says the top-two memory names and front-end equipment are dull, while semiconductor back-end test, package, and equipment names are selectively strong because the market is first pricing near-term changes and turnarounds; he prefers this back-end area within Korean semiconductors.
SFA Semicon turnaround on DDR5 outsourcing
SFA Semicon is a turnaround story: it was left for dead, but DDR5 packaging and test outsourcing orders are coming because Samsung and SK hynix are focused on HBM; it moved about 120 tools to the Philippines to use cheaper labor, and 2025 operating profit is expected in the mid-20B won range, making it an early-stage turnaround.
Exicon benefits from CXL tester demand
Exicon is strong in semiconductor test equipment: CXL tester demand is strengthening, and its tester passed qualification for Samsung Electronics' memory test while a peer failed; volumes are expected to grow from the 10s in H1 toward the 20s in H2, so confirming numbers could drive an earnings level-up.
ISC rebounds; TSE overheated but intact
Within back-end components, ISC sockets have been steadily rebounding, and TSE probe cards ran hard then paused/overheated but have not broken down; Kim views these test-component names as part of the stronger back-end supply chain.
ISC rebounds; TSE overheated but intact
Within back-end components, ISC sockets have been steadily rebounding, and TSE probe cards ran hard then paused/overheated but have not broken down; Kim views these test-component names as part of the stronger back-end supply chain.
Wonik IPS consolidating after ETF noise
Front-end equipment name Wonik IPS is moving sideways after ETF weight-reduction noise; it has not broken down and could be watched for the next catalyst.
Substrate names strong; TLB consolidating
Semiconductor substrate names remain relatively strong: Simmtech's chart is not broken and looks likely to recover on pullbacks, while TLB has recently gained attention and is consolidating without heavy selling.
Substrate names strong; TLB consolidating
Semiconductor substrate names remain relatively strong: Simmtech's chart is not broken and looks likely to recover on pullbacks, while TLB has recently gained attention and is consolidating without heavy selling.
PSK Holdings leveraged to HBM capex
PSK Holdings is making new highs as HBM-related capex is shifting existing semiconductor lines toward HBM; news that equipment will be installed for HBM capacity is driving the stock strongly.
Glass substrate needs Intel catalyst
The glass substrate theme has weakened because Samsung Electro-Mechanics delayed fully fronting the business; SKC's Absolics is still pushing, but the theme needs Intel to make a strong glass-substrate push, which would likely force Samsung Electro-Mechanics to strengthen its own business. Until then, Kim says the theme is delayed and mainly worth watching.
Prefer Samsung Electronics preferred over common
If investing in Samsung Electronics, Kim prefers the preferred shares over the common: the preferred trades lower and offers a higher dividend yield; potential buyback/cancellation could be allocated equally to common and preferred, and preferred shares may face fewer constraints from Commercial Act and financial-affiliate rules, making them more attractive.
Buy SK hynix on market-shake pullback
SK hynix has good upside elasticity but is tied to market volatility; if the market shakes and the stock pulls back toward its prior support zone, Kim sees that as an attractive area to add rather than a reason to avoid it.
This 815 Money Talk (815머니톡) video, published September 15, 2026,
features Kim Min-soo
discussing SPY, AI Hardware, US Software, CRWD, PLTR, XLK, GOOGL, META, Korean semiconductor back-end (test/package), 036540.KQ, 092870.KQ, 095340.KQ, 131290.KQ, 240810.KQ, Semiconductor substrates, 222800.KQ, 356860.KQ, 031980.KQ, Glass substrate theme, 009150.KS, 011790.KS, INTC, 005935.KS, 000660.KS.
16 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Kim Min-soo
· Tickers:
SPY,
AI Hardware,
US Software,
CRWD,
PLTR,
XLK,
GOOGL,
META,
Korean semiconductor back-end (test/package),
036540.KQ,
092870.KQ,
095340.KQ,
131290.KQ,
240810.KQ,
Semiconductor substrates,
222800.KQ,
356860.KQ,
031980.KQ,
Glass substrate theme,
009150.KS,
011790.KS,
INTC,
005935.KS,
000660.KS
