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Samsung and SK Hynix Drop as Brokerages Push Add Semiconductors
Semiconductor stocks plunge but brokerages say now is time to add exposure.
In brief
Semiconductor stocks plunge but brokerages say now is time to add exposure. South Korea's Samsung Electronics and SK Hynix dropped sharply in early trading on Oct. 19 amid AI investment concerns, but brokerages argue the selloff presents a buying opportunity for semiconductor stocks. Originally reported by BigGo…
Samsung and SK Hynix Plunge
South Korea's Samsung Electronics and SK Hynix fell sharply in early trading on Oct. 19 before paring losses and attempting a rebound.
Stocks Drop 17.75% and 24.33%
Samsung Electronics dropped 17.75% and SK Hynix dropped 24.33% from Oct. 12-16.
Kospi Falls 20.7% in Seven Days
South Korea's Kospi fell 20.7% over seven straight losing sessions through Oct. 15.
Brokerages Argue Buying Opportunity
Brokerages argue physical semiconductor demand remains solid and the selloff is a buying opportunity.
TrendForce Raises 2027 Capex Forecast
TrendForce raised its 2027 capex growth forecast for cloud service providers to 60% from 50%.
DS Investment Says Post-2028 Downturn Overpriced
DS Investment & Securities said fears of a post-2028 downturn are overpriced into shares.
SK Hynix Expected to Post Record Profit
SK Hynix is expected to post record third-quarter operating profit of 76.964 trillion won (approximately $57.8 billion).
CXMT Launches 4F² Server DRAM
China's CXMT unveiled a 4F² server DRAM within the year, cutting cell area by 33% compared with 6F².
CXMT Revenue and Profit Surge
CXMT forecast third-quarter revenue of CNY 114.7 billion to CNY 119.7 billion (approximately $17.2 billion to $17.9 billion).
CXMT Profit Swings to Positive
CXMT forecast net profit of CNY 53.4 billion to CNY 54.9 billion (approximately $8.0 billion to $8.2 billion).
Wall Street Questions CXMT's 4F²
Analysts say CXMT's 4F² cell could be 34% larger than rivals' existing 6F² products.
TrendForce Projects AI Server Growth
AI server shipment growth is expected to accelerate to 36% next year from 32.2% this year.
ASML Orders for 2029-2030
ASML customers show interest in ordering equipment for supply in 2029-2030.
ASML Revenue Beats Estimates
ASML's third-quarter revenue was €11.66 billion (approximately $13.1 billion) and net profit was €4.96 billion (approximately $5.6 billion).
What it means
South Korea's Samsung Electronics and SK Hynix dropped sharply in early trading on Oct. 19 amid AI investment concerns, but brokerages argue the selloff presents a buying opportunity for semiconductor stocks.
