JPMorgan raises KOSPI bull case target to 10,000 on memory chip supercycle

JPMorgan has issued a bullish outlook for South Korea’s KOSPI index, setting a bull-case target of 10,000. This optimism is fueled by a "memory chip supercycle" centered on high-bandwidth memory (HBM) chips, which are essential for global AI data centers. Major firms like Samsung Electronics and SK Hynix are expected to see significant revenue growth, contributing to the index's strong performance and the nation's rising status in global markets.

While Goldman Sachs has also raised its KOSPI target to 9,000, citing sustainable earnings and regulatory improvements, analysts warn of potential risks. These include geopolitical tensions and the possibility that AI spending growth could decelerate, which would challenge the aggressive revenue projections for the semiconductor sector.

(Source：Crypto Briefing)