Chesley Morning Brief: New York Stock Market Closes Up 1% Across the Board on Falling Treasury Yields and Oil Prices [26/05/21]

Summary

The video covers Nvidia's earnings beat, its supply-chain implications, and the broader market rebound driven by falling oil and Treasury yields. It also highlights Samsung Electro-Mechanics as a key beneficiary of AI data center power infrastructure. The hosts review overnight US markets, Asian markets, and provide technical outlook for KOSPI/KOSDAQ.

• Nvidia reported strong quarterly results and guidance, but the stock traded flat as high expectations were already priced in.
• Choi Ho emphasized that Nvidia supply-chain partners (Marvell, Coherent, Corning, Lumentum) offer more upside due to optical networking and NVLink fusion catalysts.
• Park Se-ik identified Samsung Electro-Mechanics as a key beneficiary of MLCC and silicon capacitor demand from AI data center 800VDC power systems.
• US indices rallied 1-1.5% as Treasury yields and oil prices declined on Iran-US détente hopes.
• AMD surged 8% after highlighting edge computing and on-device AI at a Shanghai developer event.
• KOSPI opened up ~4% following Samsung's labor agreement and the US rally, while KOSDAQ also rebounded strongly.
• Lee Yeon-taek's report argued that the current correction is not alarming and AI-related sectors will lead the next rebound.
• Crypto remained subdued with Bitcoin near $77K, pressured by continued ETF outflows and basis trade unwinding.