Chesley Morning Brief: New York Stock Market AI-led surge despite oil pressure... NVIDIA up 6.3%

[Chesley Morning Brief] New York Stock Market, AI-led surge despite international oil price pressure…NVIDIA 6.3%↑[26/06/02]
Watch on YouTube ↗  |  June 02, 2026 at 00:34  |  1:51:37  |  Chesley Investment Advisory (체슬리투자자문)
Speakers
Park Se-ik — CEO, ex-Chief Strategist
Choi Ho — Vice President

Summary

The morning brief covers US and Korean market moves, with AI momentum overcoming macro headwinds. Key themes include semiconductor index strength, MLCC/substrate shortages benefiting Korean IT component makers, and strong earnings from HPE. Bitcoin weakness and related stocks are discussed.

  • US markets rose despite oil and rate pressure, led by AI stocks, especially NVIDIA
  • Philadelphia Semiconductor Index hit new highs on AI infrastructure demand
  • Samsung Electro-Mechanics and LG Innotek seen as major beneficiaries of MLCC/substrate shortages
  • HP Enterprise beat earnings and raised guidance on strong AI data center demand
  • Bitcoin fell below key support as Strategy sold BTC and sentiment worsened
  • Korean market showed extreme concentration in large-cap tech stocks
  • China market saw strength in coal and financials, weakness in tech
  • ISM Manufacturing PMI beat expectations, signaling continued manufacturing expansion
Trade Ideas
Joon-hyuk 23:45
Avoid MSTR and Coinbase
MicroStrategy (MSTR) and Coinbase (COIN) should be avoided as Bitcoin continues to weaken, with Strategy selling Bitcoin and preferred dividend pressure mounting. Technical breakdown below $73,000 support and further selling by large holders signal downside risk for crypto-exposed equities.
MSTR COIN MED
Park Se-ik CEO, ex-Chief Strategist 48:58
HPE earnings beat, stock to rise
HP Enterprise (HPE) reported strong earnings and guidance, with revenue up 40% YoY and operating income up 132%. Management confirmed demand is strong across AI data centers, networking, and storage, and that growth is constrained by supply, not demand. Earnings revisions will drive the stock higher.
HPE HIGH
Park Se-ik CEO, ex-Chief Strategist 80:31
Samsung Electro-Mechanics strong upside
Samsung Electro-Mechanics (009150.KS) is a key beneficiary of AI-driven shortages in MLCC and substrates. Capacity utilization is high, ASP is rising sharply (potentially 20%+ annually), and earnings could exceed current estimates significantly, leading to a massive re-rating similar to past cycles.
009150.KS HIGH
Park Se-ik CEO, ex-Chief Strategist 80:58
LG Innotek substrate upside
LG Innotek (011070.KS) will benefit from the same AI substrate shortage as Samsung Electro-Mechanics, with potential for ASP increases of 50-150% in substrates. Despite lower margins, the earnings leverage is substantial, and the stock has significant upside if past cycle patterns repeat.
011070.KS MED
Park Se-ik CEO, ex-Chief Strategist 101:50
Semiconductor index to keep rising
The Philadelphia Semiconductor Index (SOX) will continue to rise driven by strong AI infrastructure demand, as evidenced by NVIDIA's AI PC announcement, HP's earnings beat, and sustained demand for AI chips and memory. The index remains in an uptrend and any dips will be bought, making it a core holding.
SOXX HIGH
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This Chesley Investment Advisory (체슬리투자자문) video, published June 02, 2026, features Joon-hyuk, Park Se-ik discussing MSTR, COIN, HPE, 009150.KS, 011070.KS, SOXX. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Joon-hyuk, Park Se-ik  · Tickers: MSTR, COIN, HPE, 009150.KS, 011070.KS, SOXX