Nvidia Boosts Semiconductor Stocks, KOSPI Expected to Rise

 
The U.S. stock market experienced a slight decline ahead of Nvidia's earnings announcement, but the company later reported results that exceeded market expectations, along with a strong growth outlook. This is expected to positively impact the domestic stock market.
 
As of 8:29 a.m. on the 27th, Samsung Electronics shares rose by 8,500 won (3.25%) to 270,000 won, while SK Hynix increased by 76,000 won (4.50%) to 1,764,000 won. SK Square saw a rise of 37,000 won (3.50%) to 1,095,000 won, and Samsung Electro-Mechanics climbed by 53,000 won (3.98%) to 1,383,000 won. Following Nvidia's earnings report, buying interest has spread to major domestic semiconductor-related stocks.
 
Nvidia's second-quarter revenue reached $96.22 billion, marking a 106% increase compared to the same period last year, with data center revenue surging by 117%. Notably, projections suggest that revenue for the next fiscal year could increase by approximately 70%, which has raised market expectations. Nvidia's comments regarding a memory supply shortage potentially lasting until at least the end of the 2028 fiscal year have also positively influenced domestic memory stocks like Samsung Electronics and SK Hynix.
 
U.S. inflation data has also provided some relief to the market. The July PCE price index largely met market expectations, alleviating concerns about a resurgence of inflation following renewed military tensions with Iran. Market attention is now shifting to the Jackson Hole meeting scheduled for the 28th.
 
Han Ji-young, a researcher at Kiwoom Securities, stated, "Thanks to the relief from the July PCE and Nvidia's after-hours strength, the market is expected to start strong, particularly in the semiconductor sector, with sector performance warming up throughout the day." While there may be renewed focus on semiconductors following Nvidia's earnings report, the existing trend of sector rotation that has strengthened in August is expected to continue.