Ideas
Avoid software; AI threatens enterprise SaaS.
Agentic AI has crossed a key threshold, with leading models scoring above 80 on SWE-bench and approaching mid-level engineer capability. This threatens enterprise software and SaaS companies that have long charged high prices because their products were hard to replace; AI agents can now replicate much of that work, pressuring pricing, share, and moats. He therefore says investors should reduce overall software exposure unless a company has a clearly durable moat.
Salesforce's CRM pricing power is AI-vulnerable.
Salesforce's CRM franchise has been able to charge high prices because customers could not easily switch, but AI agents and cheaper custom development can now replicate much of that CRM functionality. Even before outright share loss, the credible threat should cap pricing power and weaken the software moat.
Adobe is vulnerable to AI substitution.
Adobe is an early example of software whose stock began breaking soon after generative AI emerged because its tools can be replaced or threatened by AI, or because AI adoption raises cost pressure. He uses it to illustrate that not all software is an AI beneficiary; some existing software franchises are at risk.
Reduce Palantir; AI erodes growth moat.
Palantir's revenue growth has been strong, but he now sees a fundamental business-model concern: AI agents and enterprise models can let customers build cheaper in-house or consulting-assisted solutions similar to what Palantir does at a very high price. With valuation still rich and forward QoQ growth potentially no longer accelerating, he says exposure should be reduced.
Buy AI cloud giants on dips.
He separates SaaS from AI cloud and IaaS infrastructure. Alphabet, Amazon, and Meta can grow core cloud and AI-related revenue and order momentum even while capex is high. They are relatively safer and can be accumulated on market weakness because unlike SaaS, AI helps rather than directly undermines their core revenue.
AI hardware suppliers still have upside.
AI cloud capex is flowing into memory and storage, optical networking, and power and cooling components. He sees these suppliers' growth accelerating quarter over quarter, forecasts unchanged, and no evidence yet of supply glut, so despite big price gains he remains positive on the group.
Nvidia remains best big-tech growth compounder.
Nvidia had a period of correction and weakness, but he now sees it more positively as March approaches. Among big tech, he views Nvidia as the best company to accelerate growth through 2028, helped by the Rubin GPU launch in H2 and the shift to 800V DC power architecture.
Bloom Energy benefits from AI data-center power.
AI data centers need on-site power supply, and he likes power-related names. He specifically cites Bloom Energy as a power company whose numbers are rising quickly as AI data center power demand grows.
Lumentum has more upside on Rubin.
Lumentum has already risen without a correction, but its sales are growing around 70% and the Rubin launch in H2 should finally bring the co-packaged optics architecture he expects. He therefore thinks the story still has room.
Robinhood is a bottom-watch fintech.
Robinhood is hurt by external factors it cannot control: weak crypto prices and lower trading volumes, especially in crypto and options, pressure quarterly results. But unlike pure crypto names, its core brokerage business is still growing and gaining share, so at bottom levels it may be worth watching before generic fintech peers.
Walmart benefits from AI-led efficiency.
Walmart is a traditional retailer with large-scale inefficiencies in SKU and logistics management. AI adoption can lower costs and improve physical logistics, so he sees it as a company whose core business is improved, not disrupted, by AI; he expects such AI-adopting traditional companies to keep growing.
US financials gain from AI cost cuts.
US financial companies employ many high-wage workers whose tasks AI can partially replace. That should improve cost efficiency and support a long-term upward move in the financial sector.
On Holding and Viking offer growth.
In consumer, he finds On Holding and Viking Holdings interesting because they are consumer-facing companies with about 30% growth, offering a more dynamic growth profile than typical staples.
This 3PRO TV (삼프로TV) video, published February 08, 2026,
features Kim Ki-hoon
discussing IGV, CRM, ADBE, PLTR, GOOG, AMZN, META, MU, SNDK, WDC, COHR, VRT, NVDA, BE, LITE, HOOD, WMT, XLF, ONON, VIK.
13 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Kim Ki-hoon
· Tickers:
IGV,
CRM,
ADBE,
PLTR,
GOOG,
AMZN,
META,
MU,
SNDK,
WDC,
COHR,
VRT,
NVDA,
BE,
LITE,
HOOD,
WMT,
XLF,
ONON,
VIK
