Foreigners swept away Samsung Electronics when the ‘blood’ was opened… “Expected to exceed 90,000 electrons”

As Nvidia, an artificial intelligence ( AI ) semiconductor company, breaks through the ‘blood’, foreign supply and demand is flooding into Samsung Electronics (005930). This month alone, net purchases amounted to 800 billion won. Following the return to ‘70,000 Electronics’ thanks to ‘ Buy Samsung Electronics’, there are also predictions that it could rise to ’90 , 000 Electronics’.

In the securities market, foreigners’ preference for risky assets is recovering and the semiconductor export industry is improving, predicting a high possibility that semiconductor-themed stocks will regain their position as ‘leading stocks’ in the stock market.

“The possibility of 90,000 electrons increases”

According to Market Point on the 4th, Samsung Electronics closed at 71,200 won, up 0.28% (200 won) from the previous trading day. On the 1st, news broke that a high-bandwidth memory (HBM) supply contract had been signed with NVIDIA , and it immediately rose by 6%, returning to 70,000 in about a month, and then appears to be taking a breather.

The main driver of the rise in Samsung Electronics’ stock price is returning foreigners. It is analyzed that the news that Samsung Electronics signed a contract to supply HBM3, the 4th generation HBM to Nvidia, acted as a catalyst while the preference for risky assets showed a recovery, with the New York stock market showing the largest weekly increase since July last week . Foreigners made net purchases of Samsung Electronics worth 554 billion won on the 1st and 244.3 billion won on the 4th, which is equivalent to the amount of net purchases by foreigners in the KOSPI market over the past two days.

Securities analysts believe that Samsung Electronics’ stock price will trend upward for the time being based on Nvidia’s favorable news. This is because the problem of valuation discounts due to concerns about securing customers despite having HBM3 production capacity has been resolved. Kim Dong-won , a researcher at KB Securities, said, “Samsung Electronics is expected to expand its HBM3 customer base to 10 by next year, including NVIDIA and AMD , and will enter the HBM premium range starting in the fourth quarter.”“Considering the expansion of HBM’s market share and foundry performance, there is a high possibility that it will exceed the previous high of 91,000 won,” he said.

However, there are concerns that the overall stock market pie has not grown despite the increase in foreign supply and demand. As Samsung Electronics, the company with the largest market capitalization, rode the upward trend, the KOSPI index also rose for two consecutive days, but the amount was not large. On this day, KOSPI closed at 2584.55, up 0.81% (20.84 points) from the previous day, and had to be satisfied with keeping the 2600 mark within range. The KOSPI index based on closing price has not recovered to the 2600 level since the 10th of last month.

Choi Yu-jun, a researcher at Shinhan Investment & Securities, said, “The market is repeating itself with one side going up and the other side going down.” He predicted, “There is no certainty about the direction of the market. Only when the upward trend is determined will additional funds flow into the market and at the same time, the number of stocks on the rise will increase.” .

Semiconductor theme, highlighted as a leading stock in the second half of the year

Securities companies are paying attention안전놀이터to the possibility that semiconductor-themed stocks will emerge as leading stocks again in the second half of the year. While expectations for AI momentum are valid, Samsung Electronics and SK Hynix (000660) are establishing themselves as major suppliers in the HBM3 market, so joint benefits are expected and it is highly likely that the warmth will spread to semiconductor-related stocks. The KRX semiconductor index, which tracks major semiconductor-related stocks, rose 1.79% this month, exceeding the KOSPI index increase rate (1.11%).

It is also good news that semiconductor exports, which had been sluggish, are improving in a timely manner. Korea’s exports in August decreased by 8.4% compared to the same period last year, greatly reducing the decline from the 16.4% decrease in the previous month. This is due to the significant improvement in the decline rate of semiconductor exports from 33.6% to 20.6%. Real estate risks originating from China, which were weighing down the stock market in August, are expected to lead to a positive trend in the overall stock market as the Chinese government’s economic stimulus measures are easing the pressure.

Lee Jeong-hoon, a researcher at Eugene Investment & Securities, said, “It seems difficult for the domestic manufacturing economy to improve significantly within this year,” and added, “Although the inventory burden in the semiconductor sector is high, semiconductor exports have been improving since the beginning of the year, and exports to China are also reducing the decline.”

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