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🇰🇷 South Korean stocks are catching up to Friday's global semiconductor sell-off. With South Korea's market closed last Friday, the KOSPI opened today down more than 4%, while Samsung Electronics and SK hynix each dropped over 5%. Sentiment across the semiconductor sector has weakened significantly. That said, the next major catalyst isn't South Korea—it's the earnings reports from U.S. tech giants. I'm watching Microsoft, Alphabet (Google), and Meta closely. Right now, the market is less concerned with headline earnings and more focused on AI capital spending. If these companies continue expanding data center investments and maintain strong demand for GPUs and HBM memory, this pullback in semiconductor stocks could prove to be a healthy correction within a longer-term bull market. On the other hand, if AI capex slows or business growth disappoints, the sector could face additional valuation pressure in the near term. My view: In the short term, I remain cautious. Semiconductor stocks have rallied sharply over the past two years, geopolitical tensions remain elevated, and expectations for tighter monetary policy continue to weigh on risk appetite. Earnings season could bring further volatility. Long term, however, my outlook remains bullish on AI. The AI race is ultimately a race for computing power. As long as global technology leaders continue investing aggressively in AI infrastructure, demand for GPUs, HBM memory, and advanced semiconductor packaging should remain structurally strong. I see the current weakness as a reset within a broader uptrend—not the end of the AI investment cycle. This reflects my personal market view and is not financial advice. #CXMTMemoryIPO #FOMCRateWatch