KB Securities analysts E.T. Lee and D.E. Lee said that despite AI-driven elevated profit expectations, the recent pullback in Korean semiconductor stocks may partly reflect investor skepticism about the sustainability of earnings. Samsung Electronics

2026-10-13

KB Securities analysts E.T. Lee and D.E. Lee said that despite AI-driven elevated profit expectations, the recent pullback in Korean semiconductor stocks may partly reflect investor skepticism about the sustainability of earnings. Samsung Electronics and SK Hynix fell for a fifth straight session. The analysts said investors continue to view semiconductors as cyclical: supply bottlenecks can sharply lift profits in booms, but their easing can lead to inventory gluts and overinvestment. They point to similar dynamics in post-pandemic diagnostics, masks, toilet paper and container shipping.