Hormuz Threat Level Raised to 'Severe' | DeepSeek's Own Chip Development Concerns... Semiconductors, Climax of Bad News?

Summary

Park Myung-suk reviews overnight US market decline driven by Hormuz tensions, China AI chip news, and Samsung's earnings miss. He argues the sell-off is overdone and expects a bottom this week, citing rotation within equities, resilient Nvidia, and upcoming big tech earnings as potential catalysts. He presents bullish ideas on AMD, Shopify, Coinbase, Tesla, First Solar, US equities, and semiconductors, while expressing caution on Adobe and overbought financials.

• Hormuz Strait attacks raised threat level to 'severe,' spiking oil prices but seen as a manageable escalation.
• DeepSeek's own AI chip development added to semiconductor sell-off, but Nvidia held up, signaling resilience.
• Samsung Electronics' preliminary Q2 earnings were solid ex-bonus, but market reaction was negative and seen as overreaction.
• Rotation from overheated semiconductors to financials and value stocks is balancing out, suggesting macro is not breaking down.
• Big tech AI momentum persists with Meta's Muse image model and Microsoft's MAI, reducing fears of AI capex cuts.
• TSMC and ASML upcoming earnings could be a positive catalyst for semis.
• Individual stock picks: AMD as buy ahead of AI event, Shopify as AI commerce beneficiary, Coinbase upgraded, Tesla merger upside, First Solar upgrades.
• Caution on Adobe due to increasing growth risks.