Ideas
CXMT's capacity expansion drives massive growth
CXMT is the leading Chinese memory chip maker with rapid capacity expansion from 30k wpm to a projected 70k+ by 2030, global market share rising from 8% to a target of 20%, profitability improving, and a valuation premium justified as Chinese tech gains share relative to US peers. Analyst reports point to a potential market cap of 53-83 trillion won, with some scenarios reaching 170 trillion won.
AI infrastructure rally on renewed confidence
Renewed confidence in AI capex returns, supported by hyperscaler earnings and Amazon Web Services management commentary, triggered a broad AI infrastructure rally. Buying extended beyond big tech into servers, power, cooling, optical communications, and memory chips, indicating a sector-wide re-rating.
Big Tech re-rates as earnings catch up
The M7 group’s market-cap share has converged with its earnings share at 38%, indicating that the prior valuation premium has been fully corrected. This realignment suggests the group is now fairly valued and positioned for a relative rebound, as evidenced by the strong daily outperformance of major tech names.
Bitcoin must hold $61k support
Bitcoin is under pressure from a major cold-wallet hack and the likely failure of the Clarity Act in the current legislative window. However, the $61,000 level acts as a critical Ichimoku cloud support; holding above keeps the medium-term outlook constructive, while a break would significantly deteriorate the technical picture.
Strategy's Bitcoin sales actually bullish
MicroStrategy’s Bitcoin selling program is increasingly seen as a positive, as proceeds are used to repurchase preferred shares and reduce the discount. The market is no longer overreacting to sales, and the company’s stock outperformed peers. The predetermined roadmap and diminishing overhang suggest the stock benefits from the buyback effect.
Semiconductor de-leveraging paves recovery
Citadel data shows retail leveraged positions in semiconductor and memory stocks have been largely purged, technical overheating has reset, and fundamentals remain strong with earnings beats and accelerating buybacks. This transition from flow-driven selling to fundamental-driven recovery creates a favorable environment for Korean semiconductor stocks.
Palantir's commercial surge defies AI doubts
Palantir’s Q2 results smashed consensus, with US commercial revenue surging 150% YoY and the Rule of 40 reaching 154.5%, far above the feared peak of 145. The bear thesis that AI models would commoditize its platform was disproven as contract sizes and durations expanded. With the stock off 39% from highs and forward P/E dropping from 200x to 69x, the upward revision cycle provides a significant re-rating catalyst.
On Semi's power chips power recovery
On Semiconductor’s power semiconductor segment for AI data centers grew 19% YoY and is the main growth engine, while overall revenue beat and operating leverage drove EBIT growth of 31% against 9% revenue growth. After a 41% correction from its 38x overbought peak, the stock now trades at 21x forward, a reasonable level to re-enter as fundamentals improve.
MLCC super cycle benefits Samsung Electro-Mechanics
MLCC super cycle driven by AI server demand is causing severe supply shortages, with record BB ratios and lead times extending beyond 18 weeks. Samsung Electro-Mechanics is a prime beneficiary, having raised prices 10-20% and poised for strong earnings upgrades. After a 65% drawdown, valuations at 35x forward look attractive relative to historical peaks of 70-90x, and the cycle could last at least 1.5 years, pushing MLCC prices towards 8 won.
Cosmax rides US indie beauty boom
Cosmax, the global #1 cosmetics ODM, is experiencing strong US indie brand growth (+35% YoY), expansion into Europe via a new subsidiary, and record quarterly revenue. Margins are stable and the stock trades at only 14x forward P/E, well below its historical 18-20x range, offering a re-rating opportunity as second-half earnings accelerate.
This Chesley Investment Advisory (체슬리투자자문) video, published August 04, 2026,
features Wang, Choi Ho, Park Se-ik, Park Jun-hyeok, Oh Seok
discussing CXMT, AIQ, M7, BTC, MSTR, SMH, PLTR, ON, 009150.KS, 192820.KS.
10 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Wang,
Choi Ho,
Park Se-ik,
Park Jun-hyeok,
Oh Seok
· Tickers:
CXMT,
AIQ,
M7,
BTC,
MSTR,
SMH,
PLTR,
ON,
009150.KS,
192820.KS
