JPMorgan Lifts Kospi Target to 10,000 on AI Memory — SkimNews
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- JPMorgan raised its Kospi bull‑case price target to 10,000 points, attributing the upgrade to a boom in demand for AI‑related memory chips.
- South Korea's Kospi hit a fresh record high, while Asian markets were mixed amid rising oil prices and heightened geopolitical risk from Iran.
- Asian tech giants such as Samsung and SK Hynix are anchoring a new AI‑driven rally, shifting the sector’s focus toward memory‑intensive workloads.
- Reuters reported an interview highlighting the AI‑fueled rally at Samsung and SK Hynix, noting continued strong demand for AI memory products.
Why it matters: Investors eye a surge in Korean equities as JPMorgan lifts the Kospi target to 10,000 points, while Samsung and SK Hynix stand to capture expanding AI‑memory demand, even as oil price spikes and Iran tensions loom.
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