WS #11713
KOSPI entered bear market, down >20% from peak, driven by concentration in Samsung/SK Hynix; Bloomberg reports the 'winning trade of buying chips, selling software' is falling apart. Meta plans to manufacture its 'Iris' AI chip in September and double computing capacity to 14 GW in 2027, a major capex signal for AI infrastructure.
KOSPI Bear Market and Semiconductor Rotation
KOSPI entered bear market, down >20% from peak, driven by concentration in Samsung/SK Hynix; Bloomberg reports the 'winning trade of buying chips, selling software' is falling apart.
Meta plans to manufacture its 'Iris' AI chip in September and double computing capacity to 14 GW in 2027, a major capex signal for AI infrastructure.