There's a separate scenario where semiconductors truly collapse

Summary

Ko Tae-hoon advises focusing on fundamentals during the market correction, recommending gradual buying of memory semiconductor stocks SK hynix and Samsung Electronics. He views the sell-off as macro-driven rather than fundamental, and sees potential from Jensen Huang's visit for Korea's physical AI role. He downplays risks from SpaceX's IPO and notes medium-term risks from US-China dynamics for memory semiconductors.

• Current market correction is driven by PER/macro concerns, not earnings fundamentals.
• Ko recommends gradual buying of SK hynix and Samsung Electronics on dips.
• He highlights two medium-term risks: US retaliation on Korean semi dominance and potential US-China semiconductor reconciliation.
• Jensen Huang's visit is seen as positive for Korea's role in physical AI and robotics.
• SpaceX IPO is not expected to cause a major liquidity drain due to low free float.
• Medium-term deflation from humanoid robots could lower inflation and support longer-duration assets.
• Macro event risks (CPI, BOJ, FOMC) are acknowledged but considered manageable given strong sector fundamentals.
• The host reiterates focusing on corporate earnings and avoiding panic selling.