Amid variables like disappointment over Treasury bond purchases and Meta's AI agent launch, semiconductor stocks continued their solo rally.
The U.S. Treasury announced $6 billion in long-term bond purchases, but the market had expected $10 billion. Immediately after the announcement, U.S. Treasury yields surged, creating an adverse effect. The market interpreted this as a move that betrayed expectations that the Treasury would ease upward pressure on interest rates.
Despite overall market downward pressure from surging interest rates and oil prices, semiconductor-related stocks continued their strong performance. Notably, SK Hynix ADR recorded an all-time high. This demonstrated a concentration of capital in the semiconductor sector, which is considered a clear growth engine for the market.
Meta's newly launched AI agent 'Muse' achieved significant early market success. It garnered a strong response, with its download ranking rapidly climbing to 4th place immediately after launch. Meta's Muse further intensified competition within the existing AI sector, including OpenAI.
Bescent made remarks at a graduate school lecture implying he led market order. Market participants viewed this as a challenge, coinciding with demands for interest rate hikes. This increased controversy over control of market indicators like exchange rates and bond yields, heightening market tension.
The bond market showed a strengthening demand for actual interest rate hikes. Interest rate hike forecasts surpassed 60%, exacerbating market anxiety. Ahead of upcoming inflation data (PPI, CPI) releases, the market showed high volatility.
RBC Capital warned of a 5-10% market correction citing September seasonality, midterm election risks, and unresolved wars. They analyzed that investment sentiment could be dampened by interest rate hike pressure. Barclays, however, raised its price target, reflecting expectations for AI-driven growth.
Jacobson, a former researcher at OpenAI and Anthropic, warned that AI could threaten humanity within 10 years. He criticized both companies for not showing responsible attitudes and stated this as his reason for resignation. Serious concerns about the potential dangers of AI are being raised among developers.
Overheated competition among AI companies leads to massive cost burdens. Even if one company tries to exercise restraint by slowing development, there is a structural problem where another competitor can seize the opportunity to expand market share. This competitive environment makes autonomous development suspension impossible.
Despite increased interest rate uncertainty, SK Hynix ADR's stock price continued its strong performance. This is analyzed as a result of a combination of market preference for safe assets and growth expectations for the semiconductor sector. Positive impact from Mirae Asset Securities' report on the US market and industry indicators like Taiwan's August exports hitting an all-time high also played a role.
SK Hynix ADR showed an upward trend, recovering its undervalued worth at the time of its listing. The synchronization with Micron's breakthrough of its peak also contributed to the rise. This indicates that SK Hynix's value is being re-evaluated in the mainland U.S. market.
Meta's AI agent 'Muse' successfully entered the market, recording usage 10 times higher than initial estimates. This signals Meta's expanding influence in the AI market. In contrast, Google (Alphabet) continued to show stock weakness due to a lack of clear AI strategy.
SoftBank repaid bridge loans early and converted them to corporate bonds to secure funds for its OpenAI investment. Some interpret this as 'rollover' funding. Others, however, see it as a strategic move to secure liquidity. The flow of these funds into semiconductor companies like SK Hynix was mentioned.
Walkerhill Bone Galbi, Choice grade, is sold in a package of three packs (buy two, get one free). The selling price is set at 47,900 won. The hotel's special signature seasoning and the meat's quality were emphasized.
Around the time I started my career in financial broadcasting, Apple consistently held the top market capitalization, exerting significant influence on the market. This sparked my curiosity about the quality and brand of Apple products. I began using Apple products to provide commentary and analysis related to the U.S. stock market.
In the U.S. midterm elections, the Democratic Party's recapture of the House of Representatives is becoming a fait accompli. However, whether the Democrats can secure a majority in the Senate remains a key issue. The Senate results are expected to impact the market's response to renewable energy stocks.
While semiconductor stocks showed strength, Samsung Electro-Mechanics moved sideways. This is interpreted as potentially being influenced by the supply sequence of AI-related power and substrates. The current sideways movement is also analyzed as a phase of energy consolidation rather than a downtrend.
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