NVIDIA Earnings Proved the AI Investment Cycle…Are Samsung Electronics and SK Hynix Going Again? | Lee Kwon-hee, Wizwave CEO

Summary

Lee Kwon-hee reviews Nvidia's earnings reaction and argues the market is treating it as confirmation of the AI investment cycle. He discusses SK Hynix and Samsung Electronics as memory and HBM beneficiaries, with SK Hynix seen as having more immediate upside and Samsung as a longer-term re-rating story. He also covers Hyundai Motor's investor-day disappointment, its long-term physical AI and robotics optionality, and a positive near-term setup for Korean equities and power equipment.

• Nvidia's aftermarket reaction is strong despite small margin and revenue soft spots, and the conference call reassured on the AI roadmap.
• The speaker interprets the move as validation of the AI data-center investment cycle.
• AI infrastructure partners such as CoreWeave, Nebius, Coherent, Lumentum, Micron, and TSMC are rallying together.
• SK Hynix is viewed as a direct HBM demand beneficiary if HBM specification concerns are dismissed.
• Samsung Electronics is seen as cheap but still needs to prove consistent earnings before a multiple re-rating.
• Hyundai Motor's investor day disappointed, but the speaker keeps a long-term robotics and physical AI thesis.
• Korean equities and power equipment are expected to improve with Nvidia-led semiconductor strength.
• Jackson Hole and interest rates are considered less important than the AI investment cycle.