OpenAI's Astra unveiling heralds a paradigm shift in the AI market, with both opportunities and risks coexisting for semiconductor and glass substrate related stocks.
Currently, the market is showing selective upward trends in some sectors such as gas turbines and nuclear power. However, sectors that are highly sensitive to US interest rate hikes, such as biotech and automotive, are in a correction phase. In particular, the automotive industry, which relies heavily on loans, is facing increased interest rate burdens.
The recent market correction is likely to resolve within a week, and the results of next week's FOMC meeting are expected to be a major variable determining the market's direction. However, experts advised caution, warning that if interest rates are frozen, the market could face even greater difficulties.
OpenAI's 'Astra' is regarded as an AI model that surpasses human intelligence, expected to overcome the passive limitations of existing AI services and enable autonomous performance. This is anticipated to act as a core driver for AI semiconductor and humanoid robot markets, causing a paradigm shift across the entire AI industry.
As memory value chains and high-performance semiconductor materials/parts/equipment stocks gain strength, companies with technological moats are expected to emerge as leading stocks.
Just because this came out, I don't think semiconductor materials/parts/equipment or everything else will rise together. You need to identify stocks that will genuinely benefit, and notably, after Astra was unveiled, the only thing that actually fell in the US was AI software.
The advice is to combine technical analysis with corporate valuation for a long-term approach that isn't swayed by short-term volatility. This strategy can help alleviate investment burden and pursue stable returns.
Doosan Enerbility has secured gas turbine sales capabilities and has the largest relevant scale among domestic companies. Considering the potential for 8 nuclear power plants to be built in the US, expectations for Westinghouse equity negotiations, and the possibility of advancing AP1000 large nuclear power plant technology, it is considered the stock most directly benefiting from US investment.
Investment in nuclear power and gas power generation is expected to be concentrated in the US, and profitability uncertainties for the Alaska LNG project have also been raised. In a situation where power plant construction is prioritized due to a surge in electricity demand in the US, analysis suggests a lack of policy-related expectations in the shipbuilding sector beyond issues related to the Jones Act.
The engine divisions of companies like HMM and HD Hyundai Heavy Industries are gaining attention. Analysis suggests that the increasing demand for self-generation of electricity by data centers could lead to an expansion in ship engine demand. President Trump also hinted at the importance of self-generation, citing negative public sentiment in the US regarding high electricity prices.
While it previously only sold equipment to memory companies, it is now expanding its client base to include global foundries, OSAT companies, and specialized packaging firms, strengthening its growth potential.
As the weight of Samsung Electronics and SK Hynix decreases, the remaining funds are likely to flow into Hanmi Semiconductor, which is expected to further strengthen the large-scale net buying trend by foreigners and institutions.
By utilizing thick, rigid glass material and securing processing technology to drill 1 million micro-holes in a 2.0mm thick substrate, various strategies and concepts, including embedding MLCCs within the glass, are being discussed.
The technology was showcased at the Incheon International Exhibition, and it is reported that final practical procedures are currently underway with key global clients, raising expectations for future orders.
Hanmi Semiconductor's TC bonder is indispensable for HBM up to 16 layers, and the company is stabilizing its base and expecting a technical rebound. TC bonders have a commercialization advantage over hybrid bonding, and margin improvements are anticipated with the application of HBM 16 layers and 4 lines. Based on this technological differentiation, the company is expected to strengthen its dominant position in the HBM market.
This analysis suggests sufficient mid-to-long-term growth momentum, along with the possibility of supply and demand inflow due to KRX Semiconductor Index rebalancing.
Even if a physical product is unveiled now, it needs to be confirmed whether it has reached the productization stage where it can actually be sold in the market. Additionally, a lack of simultaneous upward trends in related stocks suggests recommending short-term profit realization.
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