The Post-M7 Trend Has Begun. Analyzing Global Investment Strategies | Chesley Investment Advisory Vice President Choi Il-ho

Watch on YouTube ↗  |  May 31, 2026 at 08:00  |  19:00  |  Chesley Investment Advisory (체슬리투자자문)
Speakers
Choi Ho — Vice President

Summary

Choi Ho discusses the post-M7 trend where AI infrastructure and semiconductors dominate, with CapEx-driven growth and stock differentiation. He highlights Micron's valuation upgrade and advises buying S&P 500 on strong earnings momentum. He also notes credit expansion risks but views pullbacks as opportunities.

  • M7 underperforms while AI infrastructure stocks (SOXX) surge.
  • Semiconductor CapEx is rising, with memory share expected to grow.
  • Micron's target raised 3x by UBS after earnings.
  • S&P 500 earnings momentum strong, buy if price hasn't reflected.
  • Margin debt at record highs but not an immediate sell signal.
  • Energy sector earnings high but oil-price sensitive.
  • Upcoming earnings for Broadcom, Salesforce, Costco discussed.
Trade Ideas
Choi Ho Vice President 2:17
Micron revalued via PER shift.
UBS raised Micron Technology's target price threefold by switching valuation methodology from PBR to PER after a strong earnings surprise, implying significant revaluation potential and continued upside.
MU MED
Choi Ho Vice President 11:30
AI CapEx drives semi outperformance.
AI infrastructure and semiconductor stocks are benefiting from massive CapEx expansion by big tech, with memory's share of CapEx rising from under 30% to 50% in 2026 and 65% in 2027, creating bottlenecks and ensuring top-line growth and margin improvement. The trend is expected to continue, favoring the Philadelphia Semiconductor Index.
SOXX HIGH
Choi Ho Vice President 13:57
Buy S&P 500 on earnings momentum.
S&P 500 earnings momentum is strong and the price has not fully caught up, making it an attractive buy. Forward P/E at 21x is not stretched given the earnings upgrade cycle.
SPY MED
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This Chesley Investment Advisory (체슬리투자자문) video, published May 31, 2026, features Choi Ho discussing MU, SOXX, SPY. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Choi Ho  · Tickers: MU, SOXX, SPY