Semiconductors, Could This Be an Opportunity? Short-Term and Long-Term Are Different | Yeo Doeun, Heo Jaemoo, Park Jihoon, Jang Woojin

Summary

A panel of Korean market experts discusses the ongoing sell-off in memory stocks, the peak of the semiconductor cycle, and opportunities in financials, telecommunications, and physical AI. They debate whether Samsung Electronics and SK hynix can revisit their highs and where investors should focus amid rate hikes and geopolitical tensions.

• Samsung Electronics may see near-term support from massive share buybacks for employee bonuses.
• Jang Woojin argues the memory cycle has peaked and smart money has exited, causing further downside risk.
• Park Jihoon favors financial holding companies as beneficiaries of rising rates and current earnings strength.
• Hyundai Motor is seen as a long-term leader in physical AI and robotics, though currently pressured by rates.
• Korean telecoms could benefit from new AI base station deployments requiring edge computing.
• War risk and oil price spikes are adding to market volatility and delaying a recovery bounce.