TechFlow news, July 20, according to Korean media reports, global semiconductor stocks have recently fallen sharply across the board; analysts in the securities industry pointed out that the stock price decline has far exceeded the level reflected by fundamentals.
Hana Securities analyst Lee Jaeman stated: "Even considering concerns about market cyclical fluctuations in semiconductors, the magnitude of the recent stock price plummet seems too large." The analyst pointed out: "We believe that the catalyst for the rebound in semiconductor company stock prices will be the financial reports released successively by US hyperscale cloud service providers starting from late July." He added: "It is expected that the combined capital expenditure growth rate of Alphabet, Microsoft, Meta, and Amazon will rise from 80% in the first quarter of 2026 to 83% in the second quarter and 92% in the third quarter." He also stated: "Given the growth in investment demand, it is also possible for semiconductor companies to maintain high operating profit margins." (Jin10)
