They're raising it endlessly. What's scarier is that it all has a basis | Kim Rok-ho, Hana Securities Research Center Team Leader [Double Up]

Summary

Kim Rok-ho of Hana Securities discusses the strong memory cycle, bullish on Samsung and SK Hynix with upward estimate revisions expected. He also recommends front-end semiconductor equipment stocks after a recent correction, and highlights the networking infrastructure theme as a key trend to watch.

• Guest Kim Rok-ho is bullish on Samsung Electronics and SK Hynix, citing memory pricing upside and upward earnings revisions.
• Front-end semiconductor equipment stocks (TES, VM, PSK) are recommended as top picks with valuation room.
• The recent correction in semiconductor equipment stocks is seen as overdone relative to fundamentals.
• Networking infrastructure revenue growth is accelerating, with Marvell's results confirming the trend.
• Memory cycle is expected to remain strong at least through early Q4.
• Spot DRAM prices have recovered after a dip, supporting the bullish view.
• HBM competition dynamics are shifting, with Samsung catching up to SK Hynix in HBM4.
• The video advises focusing on fundamentals rather than event-driven trading.