[#RealMarket] Samsung Electronics, SK Hynix, futures positions scarier than foreign selling... Which way will it go? / South Korean stock market's huge positive news exploded | Mirae Asset Global Investments Director Choi Chang-gyu

Summary

Choi Chang-gyu from Mirae Asset Global Investments reviews US and Korean market conditions, highlighting NVIDIA's strong earnings and valuation, the launch of single-stock leveraged ETFs for Samsung and SK Hynix, the threat from CXMT's IPO, and a cautiously bullish outlook for KOSPI. He also discusses Cerebras as a potential NVIDIA competitor, foreign selling dynamics, and SpaceX's upcoming listing and index inclusion.

• NVIDIA Q1 earnings beat estimates with accelerating growth and attractive valuation; director is bullish.
• KOSPI outlook remains upward supported by earnings, policy, and valuation discount; short-term noise is a buying opportunity.
• CXMT IPO poses DRAM oversupply risk for Samsung Electronics and SK Hynix; avoid both stocks.
• Cerebras Systems is a watch-worthy NVIDIA rival with a unique wafer-scale architecture but lacks software ecosystem.
• Single-stock leveraged ETFs for Samsung and SK Hynix launch with strong retail demand; monitor basis and volatility.
• Foreign selling is primarily profit-taking by active funds; passive funds continue to buy memory-cycle exposure.
• SpaceX IPO expected in June; low float and index inclusion could drive price, but lockup expirations are a risk.
• PC demand and AI PC theme driving HP, Dell, Lenovo, but director did not provide a strong view on these names.