Nvidia-driven Power Shortage, ESS Market Surges

This resulted in corrections for other stocks and affected overall market trading volume and investor sentiment. Consequently, investors are focusing on the differentiated trends between tech and non-tech stocks.

Nvidia surged 8.74%, while TSMC gained 2.3% and Broadcom rose 4.4%, showing strong performance. SK Hynix ADR in Korea also increased by 2.27%, continuing a positive trend. However, some semiconductor companies, including Micron, AMD, and Texas Instruments, experienced declines, indicating mixed fortunes within the sector for individual stocks.

Nvidia projected a 70% revenue growth for 2028 but stated that supply shortages, rather than demand, are the primary limiting factor. The core of these supply shortages was identified as memory semiconductors and power infrastructure. This suggests that the explosive growth of the AI and data center industries ultimately depends on stable power supply and memory expansion.

The government's third central ESS contract market bid is set to significantly increase the volume from the existing 560MW to over 1GW. With this market expansion, Samsung SDI, Lotte Energy Materials, and Doosan Enerbility are being mentioned as major beneficiaries. These companies are expected to seize growth opportunities based on their ESS-related technology and business capabilities.

All eyes are on the Jackson Hole meeting this evening, where Federal Reserve Chairman Kevin Warsh is scheduled to speak. This could lead to a cautious start for the domestic stock market, and global markets may also open lower. Investors need to closely monitor factors like futures index movements to gauge market direction.

Earnings per share (EPS) also surpassed the estimated $2.09, reaching $2.22. According to the CFO, despite supply chain shortages, AI demand continues to grow.

This aligns with forecasts that memory supply shortages will persist until 2028. Nvidia's guidance has proven the pricing power of semiconductor companies, and further gains by SK Hynix are expected to drive explosive growth across the semiconductor industry.

The contents of this speech are expected to impact various economic indicators and policy directions, including the domestic benchmark interest rate hike trend, exchange rate fluctuations, and real estate policies. Investors need to be prepared for market volatility and closely monitor the speech.

This reflects improved earnings expectations for companies and further highlights the importance of market trends in the last week of August and the first week of September. Investors should pay attention to these consensus changes to predict future market movements.

President Trump's executive order banning the purchase of foreign power equipment re-evaluated power equipment as a national security asset. Along with this, the expansion of the ESS market to over 1GW through the third central contract market bid is positively impacting the overall secondary battery industry. Major battery-related events are scheduled for September and October, including the CyberCAP release, Battery Show, and earnings announcements from key companies, further increasing market expectations.

A phased buying strategy is proposed to adjust the target average price to around 550,000 won. This aims to secure a stable entry price considering market volatility.

Lotte Energy Materials, with Doosan and Samsung SDI as key customers, has a suggested first purchase price below 34,500 won and a second purchase price at 33,000 won. The target average price is set at 33,500 won, recommending an entry strategy that confirms the lower support line. This investment approach leverages stable customer base and stock price downside support.