To understand the stock price trend of Samsung Electronics and SK hynix, you must look at this data | Executive Director Park Se-ik & Chesley Investment Advisory [Morning Brief / Wed, Sep 2, 2026]

Summary

This Morning Brief episode reviews the AI server and memory supply chain, Lenovo's infrastructure margin expansion, Nvidia's customer mix, and Korean trade data. The speakers highlight semiconductor and memory strength plus LFP cathode material beneficiaries from AI data center and ESS demand, while cautioning on cosmetics OEM/ODM valuations and elevated Treasury yields. They also discuss timing around semiconductor export deceleration and a potential KOSPI stock-picking rotation.

• AI server makers such as Dell, HP, Super Micro Computer, and Lenovo are seen as leveraged beneficiaries of tight memory supply and broadening AI infrastructure demand.
• Lenovo's infrastructure division margins are expanding on enterprise on-premise AI server orders.
• Nvidia's data center revenue is roughly half hyperscale and half neocloud, enterprise, and sovereign customers, broadening the AI demand base.
• Korean August exports were led by record semiconductor and SSD/computing shipments, supporting Samsung Electronics and SK hynix.
• Korean cosmetics exports remain positive, but Cosmax and Cosmecca Korea valuations are viewed as full.
• LFP cathode material suppliers L&F, POSCO Future M, and EcoPro are expected to benefit from U.S. IRA and trade rules plus AI data center ESS demand.
• The speakers expect KOSPI to stay rangebound but see a stock-picking rotation once semiconductor export growth decelerates.
• The 10-year U.S. Treasury yield is the key macro variable; they prefer waiting for a yield peak before adding risk.