Michael Burry's Short Bet... Samsung Electronics SK Hynix, You'll Regret Selling Now "HBM Demand Is Just Beginning" | CEO Lee Hyung-soo

Summary

CEO Lee Hyung-soo addresses the recent semiconductor sell-off triggered by Meta’s AI cloud move and Michael Burry’s short, arguing that AI-driven memory demand remains far from peak and recommending dips as a buying opportunity for Samsung Electronics and SK Hynix. He also covers token pricing dynamics, Apple’s potential Chinese chip supply, and oil market uncertainty.

• Meta’s AI computing power sales reflect a B2B/B2C mismatch, not oversupply or capex cuts.
• Michael Burry’s semiconductor short is premature; HBM and memory demand are supported by a national AI arms race.
• The semiconductor cycle is transitioning from ASP-driven gains to a volume cycle, causing short-term correction but not a peak.
• Samsung Electronics and SK Hynix remain attractive on a forward basis, with sharp dips seen as the last chance to enter before the next bubble phase.
• Apple’s exploration of Chinese memory suppliers CXMT and YMTC is unlikely to materially threaten Korean players due to performance and power efficiency gaps.
• Token price sensitivity in B2C AI models will not eliminate the need for HBM in performance-critical workloads.
• Oil prices are heavily distorted by geopolitics, making directional predictions unreliable; investors should keep cash reserves during volatile Q3.
• The speaker recommends holding existing semiconductor positions and accumulating on weakness, viewing the correction as a rare buying window.