Author argues Kospi PE around 15.77 is fair given the AI premium, so Korean stocks have stabilized, which should let Nasdaq tech and names like SNDK, MU, NVDA stabilize on fundamentals.
SNDK — LONG The author argues Kospi's PE of 15.77 is around the level justified by the AI premium, so Korean stocks should stabilize and the worst is over. If Kospi stabilizes, Nasdaq tech will stabilize, allowing fundamentals to resurface as a decision-making tool, which bodes well for SNDK. The author expects only small variations rather than the prior -30% to -40% declines in Korean stocks. Main risk is that the stabilization thesis depends on Kospi holding its current valuation.
If kospi stabilises, nasdaq tech will stabilise allowing the fundamentals to resurface as a decision making tool. Bodes well for sndk, mu but also nvda
MU — LONG The author argues Kospi's PE of 15.77 is around the level justified by the AI premium, so Korean stocks should stabilize and the worst is over. If Kospi stabilizes, Nasdaq tech will stabilize, allowing fundamentals to resurface as a decision-making tool, which bodes well for MU. The author expects only small variations rather than the prior -30% to -40% declines in Korean stocks. Main risk is that the stabilization thesis depends on Kospi holding its current valuation.
If kospi stabilises, nasdaq tech will stabilise allowing the fundamentals to resurface as a decision making tool. Bodes well for sndk, mu but also nvda
NVDA — LONG The author argues Kospi's PE of 15.77 is around the level justified by the AI premium, so Korean stocks should stabilize and the worst is over. If Kospi stabilizes, Nasdaq tech will stabilize, allowing fundamentals to resurface as a decision-making tool, which bodes well for NVDA. The author expects only small variations rather than the prior -30% to -40% declines in Korean stocks. Main risk is that the stabilization thesis depends on Kospi holding its current valuation.
If kospi stabilises, nasdaq tech will stabilise allowing the fundamentals to resurface as a decision making tool. Bodes well for sndk, mu but also nvda