June CPI Down 0.4% Month-Over-Month... Why Did SKHY Surge 27%?

Summary

Park Myung-suk discusses the US June CPI falling 0.4% MoM, lowering rate hike fears, and the 27% surge in SK Hynix ADR driven by US investor discovery and leveraged ETF listing. He also analyzes US bank earnings, highlighting outperformance of Goldman Sachs and BofA from AI capital raising, and positive Apple outlook on iPhone price increases. Semiconductor and AI hardware sentiment remains favorable ahead of TSMC and ASML earnings.

• US June CPI declined 0.4% MoM, the largest monthly drop in six years, easing inflation and rate hike concerns.
• SK Hynix ADR surged 27% on US retail demand, leverage ETF launch, and solid fundamentals with HBM leadership and limited China threat.
• Samsung Electro-Mechanics garners growing analyst attention for AI server demand in FC BGA substrates and MLCCs.
• Goldman Sachs soared 9% on AI capital raising, while BofA and JPMorgan also delivered strong earnings; Wells Fargo and Citigroup lagged.
• Apple shares are attractive as Morgan Stanley expects iPhone price increases with inelastic demand to drive margin improvement.
• AI hardware vs software volatility (SMH vs IGV) hit historic highs, but the long-term AI investment direction remains intact.
• Oil prices held near $80 after Trump's 20% Strait of Hormuz transit fee was replaced by Gulf state investment deals.
• ASML and TSMC earnings are the next key catalysts for the semiconductor sector.