SanDisk Guidance 'Red Light', Why NAND Prices? Samsung-SK Hynix Stock Price Increase Will Be Moderate | Lee Kwon-hee, Wizwave CEO [Global Interview]

Summary

CEO Lee Kwon-hee discusses market flows into KOSDAQ driven by levered ETF policy changes, expects a steady but slow recovery for Samsung and SK hynix with HBM and shareholder return catalysts, and identifies Broadcom and Ibiden as beneficiaries of Google's TPU expansion. He also notes NAND price uncertainty and hints at biotech catch-up plays.

• KOSDAQ rising as leveraged ETF funds rotate back, with broad sector rotation expected in 2H.
• Samsung Electronics seen recovering gradually to 300,000 won, supported by HBM supply for Google TPU and upcoming shareholder return announcement.
• Broadcom directly benefits from manufacturing Google's custom TPU chips as hyperscalers shift to ASICs.
• Ibiden, a Japanese substrate maker, gains from strong AI ASIC demand and new dedicated factory.
• NAND flash outlook debated but DRAM tightness remains; overall semis still favorable.
• Alteogen's large license deals yet to be reflected in price, but speaker is cautious on biotech due to volatility.
• Foreign futures positioning is key to short-term market direction.