$NVDA $AMD $MU: AI Selloff or Once-in-a-Cycle Buying Opportunity?

Michael Esther
07-03

South Korea's stock market crashed -8.5% overnight.

$SK Hynix, Inc.(HXSCF)$ and $Samsung Electronics Co., Ltd.(SSNLF)$ led the bleed, hit by an AI semiconductor selloff and Korea's hottest inflation print since Dec 2023.

$UBS Group AG(UBS)$ says 60% of companies are now curbing AI spending, shifting to cheaper models including open-source Chinese options like DeepSeek and Qwen.

This is a buying opportunity. Global AI compute demand isn't going anywhere. This is a shakeout, not a top.

Best AI infrastructure plays, and how far each sits from its 52-week high:

$Micron Technology(MU)$ -17.7%

$SanDisk Corp.(SNDK)$ -14.0%

$NEBIUS(NBIS)$ -21.0%

$Meta Platforms, Inc.(META)$ -23.2%

$Microsoft(MSFT)$ -33.1%

$Alphabet(GOOGL)$ -6.0%

$NVIDIA(NVDA)$ -16.5%

$Advanced Micro Devices(AMD)$ -7.5%

$Intel(INTC)$ -10.8%

$Broadcom(AVGO)$ -25.4%

$Marvell Technology(MRVL)$ -18.0%

$Bloom Energy Corp(BE)$ -13.8%

$Vertiv Holdings LLC(VRT)$ -17.2%

Still extremely bullish. Generational wealth gets made in stretches like this, for the people who stay focused.

Big themes I'm not losing sight of: quantum, space, energy, AI supply chain, robotics.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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