PCBs have risen this much, but you're telling me to look more? | Kim Min-soo, Lemon Research CEO [Double Up]

Summary

Kim Min-soo, CEO of Lemon Research, argues that AI hardware, especially Korean PCB/substrate companies, still has upside despite recent gains. He recommends rotating from Nvidia into CPU-focused US stocks like AMD and Intel as AI shifts to inference. He also advises reducing Korean biotech positions, as the sector lacks a catalyst.

• Kim Min-soo emphasizes that AI hardware remains the core investment theme.
• He recommends Korean substrate stocks (Samsung Electro-Mechanics, LG Innotek) as undervalued vs. Taiwanese peers.
• He suggests reducing Nvidia and increasing exposure to AMD, Intel, Qualcomm, ARM, Dell, and HP.
• He views Korean biotech as needing a major catalyst and advises reducing holdings on rebounds.
• He expects the KOSPI to weaken early in June then strengthen later.
• He advises against chasing non-leading sectors and to stick with AI hardware.