Amazon Bought 2 Million More... NVIDIA Declares 70% Growth Next Year "Samsung Electronics, SK Hynix 'Peak Out Theory' Is Over" | HSL Partners CEO Lee Hyung-soo

Watch on YouTube ↗ | August 30, 2026 at 08:30 | 22:54 | 815 Money Talk (815머니톡)

Speakers

Lee Hyung-soo — Reporter, The Bell

Summary

HSL Partners CEO Lee Hyung-soo discusses NVIDIA's earnings guidance, the Hugging Face acquisition, and Amazon's additional 2 million GPU purchase. He argues NVIDIA is an AI factory ecosystem company and that AI semiconductor demand is broadening beyond hyperscalers into sovereign AI, neoclouds, and SpaceX. He also covers Broadcom and Marvell custom ASIC margin divergence, SK Hynix memory pricing power, and tariff risk mitigation via US capacity at SK Hynix and Samsung. Overall he sees semiconductor fundamentals as strong and the recent correction as macro-driven rather than a cycle break.

NVIDIA guided about 70% next-year sales growth versus 40-45% consensus.
The Hugging Face acquisition strengthens NVIDIA's software and developer ecosystem.
Amazon's 2 million additional GPU purchase shows in-house chips complement rather than replace NVIDIA.
AI semiconductor demand is expanding to government AI factories, neoclouds, and SpaceX.
Broadcom has custom ASIC and networking strength; Marvell shows margin structure pressure.
SK Hynix retains memory pricing power but is likely to raise prices moderately via long-term agreements.
Korean chipmakers' Arizona and Taylor US capacity reduces tariff risk.

Ideas

Lee Hyung-soo Reporter, The Bell 1:03

NVIDIA is an AI factory solution company

NVIDIA is not a pure GPU chip company but an AI factory solution provider; it sells data center hardware, chips, server/rack networking, and cooling as turnkey solutions, and owns software stacks like CUDA, Omniverse, and synthetic data platforms. The Hugging Face acquisition, described as the GitHub for AI models, further strengthens NVIDIA's software and developer ecosystem. This vertical hardware integration and horizontal software expansion let NVIDIA adapt to new workloads such as agentic AI and physical AI, set standards, and maintain ecosystem dominance.

Lee Hyung-soo Reporter, The Bell 5:41

Amazon buying confirms NVIDIA and memory

Semiconductor and AI fundamentals have almost no bad news: NVIDIA guided next-year sales growth of about 70% versus consensus of 40-45%, and the jump in NVIDIA inventory was mostly memory. The current stock weakness is driven by macro and rate uncertainty around Jackson Hole and Kevin Warsh, not by semiconductor fundamentals, and the correction resembles a broken cycle in price but not in fundamentals.

Lee Hyung-soo Reporter, The Bell 7:38

Marvell margin structure worsens despite AI

Marvell Technology's latest earnings showed that custom semiconductor design revenue is increasing but its margin structure is actually worsening; NVIDIA's large profits do not automatically mean custom silicon design companies will be highly profitable. The stock's lukewarm reaction reflects this margin concern.

Lee Hyung-soo Reporter, The Bell 9:17

Broadcom can rise on networking strengths

Broadcom remains the first choice for big tech customers designing custom AI chips and has roughly 70% of the AI accelerator market. Its stock correction reflects concerns about Google TPU fragmentation and intensifying competition, but Broadcom also has significant strengths in networking, so it can resume an uptrend over time.

Lee Hyung-soo Reporter, The Bell 19:46

SK Hynix pricing power remains disciplined

Memory makers currently earn 75-80% margins and SK Hynix probably could push toward 90%, but aggressive price increases risk political backlash. The company appears to prefer moderate increases through long-term agreements and volume/Q growth; pricing power remains intact but is being managed more sustainably.

Lee Hyung-soo Reporter, The Bell 22:06

Korean chipmakers prepared for US tariffs

SK Hynix is preparing Arizona advanced packaging and HBM capacity, and Samsung has the Taylor advanced foundry, so Korean chipmakers already have US production ready. Even if Trump imposes semiconductor tariffs, the medium-term impact is manageable despite short-term stock-market noise.

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This 815 Money Talk (815머니톡) video, published August 30, 2026, features Lee Hyung-soo discussing NVDA, SMH, MRVL, AVGO, 000660.KS, 005930.KS. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Hyung-soo · Tickers: NVDA, SMH, MRVL, AVGO, 000660.KS, 005930.KS