Semiconductor Stock Plunge is Just a Breather... Please Don't Get Scared and Sell. / Jensen Huang Momentum Isn't Over. The Next Growth Engine is 'This' | CEO Lee Gwon-hui

Summary

CEO Lee Gwon-hui argues the recent semiconductor stock pullback is a temporary breather, not a reversal. He is bullish on memory stocks (Samsung, SK Hynix), LG Innotek, and PSK, and advises rotating from small-caps to large-caps. The long-term AI capex cycle remains intact.

• Memory stock drop is attributed to overbought conditions and Space X listing liquidity, not fundamental weakness.
• Bernstein data shows Q2 memory prices up 60% QoQ, contradicting peak memory concerns.
• Hyperscalers' combined capex is expected to reach $1 trillion by 2027, sustaining semiconductor demand.
• LG Innotek's AI substrate business is running at 100% utilization with a multi-year supply shortage.
• PSK is positioned to gain market share in China after a competitor became a Chinese company.
• The current market regime favors large-cap stocks over KOSDAQ small-caps.
• Key risks include Kevin Warsh's potential Fed chair stance and Japanese rate hike, but are labeled as known risks.
• The speaker recommends buying on dips and maintaining a long-term bullish stance on semiconductors.