Stock Strategy Report: 종목 대응 전략 — 2026-07-04
A quick look at the latest on global AI infrastructure firms (ALAB, ORCL, IONQ) and domestic players like Samsung Electronics and DL E&C. We’re tracking concerns about cooling AI demand, Meta’s move to sell computing power, and shifting trends for semiconductor and construction stocks.
Stock Strategy Report — 2026-07-04
1. Market Trends and Stock Drivers
ALAB (Astera Labs) — Undergoing a profitability-focused revaluation despite the strong AI infrastructure trend. While the company posted 93% YoY revenue growth and record-breaking quarterly results, shifts in connectivity chip demand due to slowing hyperscale investment remain a variable. Passive fund inflows are expected following its inclusion in the Nasdaq-100 index (June 22).
ORCL (Oracle) — Down for 8 consecutive sessions with a cumulative loss of -23%, wiping out roughly $120 billion in market cap. News of OpenAI developing its own AI models and Meta selling its computing power has sparked fears of cooling demand for cloud infrastructure. However, the company's shift toward an AI cloud business model is still viewed positively.
Samsung Electronics — Earnings expectations are supporting the stock price despite concerns over a "peak-out" in memory semiconductors. Bottom-fishing has increased ahead of the Q2 earnings release on July 7, with analysts focusing on whether we are in the midst of a memory supercycle. The prevailing target price remains at 590,000 KRW.
DL E&C — Awarded the highest grade for two consecutive years in the Ministry of Land, Infrastructure and Transport's "Mutual Cooperation Evaluation for Construction Companies." Institutional holdings, including those by the National Pension Service, have increased (8.06% → 11.20%) as the company's ESG performance gains recognition. Large-scale plant orders in 2026 are seen as the key catalyst for a revaluation of the stock.
SK Hynix — Following a sharp drop of -650,000 KRW (a roughly 30% decline) due to AI peak-out fears, value buyers are moving in. Securities firms interpret the sale of computing power as a sign of accelerating AI investment and maintain a target price of 4,200,000 KRW. The sustainability of the memory semiconductor boom remains the focal point for revaluation.
2. Expert Analysis and Investment Outlook
ALAB: New Target Price by Stifel — Maintains a bullish outlook based on the sustainability of AI infrastructure chipset demand through 2028. Analysts remain confident in AI spending trends.
ORCL: Valuation is Currently Attractive — Despite a 5-year annualized return of 89%, recent adjustments have improved valuation metrics. While the long-term growth potential of its cloud business restructuring is still valued, short-term sentiment remains negative.
Samsung Electronics: KB Securities Target Price of 590,000 KRW — Interprets the increased use of computing power by hyperscalers as a sign that it will actually accelerate investment in memory. Observers note increased institutional leverage trading ahead of the earnings release.
DL E&C: Hanwha Investment & Securities Evaluation — Expansion into SMR (Small Modular Reactors) and plant projects is central to its recovery in profitability. The company is expected to benefit from increased construction volume driven by the government's policy for the simultaneous construction of semiconductor fabs in Pyeongtaek.
The Meta Computing Power Sale Phenomenon — Selling idle computing power is viewed not as a peak-out in AI investment, but as a cost-recovery strategy. It is being interpreted as a sign of intensifying industry competition and a push for greater efficiency.
3. Shareholder Strategy and Summary
Strategy 1: Monitor Memory Semiconductor Earnings Schedules — Keep an eye on Q2 earnings release dates for Samsung Electronics (July 7) and SK Hynix. Guidance on memory prices and sales volume will likely dictate stock direction over the next two weeks.
Strategy 2: AI Infrastructure Demand and ALAB Positioning — Given that hyperscaler CAPEX plans for 2026 (approx. $700 billion, up 75% from three months ago) remain solid, capitalize on the potential for passive fund buying following ALAB's inclusion in the Nasdaq-100. However, keep a close watch on changes in connectivity chip demand.
Strategy 3: Leverage DL E&C’s ESG Rating Upgrade — Institutional buying is expected to intensify following the top-tier evaluation from the Ministry of Land, Infrastructure and Transport. Benefits from increased construction costs due to the government's simultaneous semiconductor fab construction policy (Pyeongtaek P5, P6) are expected to show in Q2 and Q3 results.
Note: As the debate over a peak-out in the AI infrastructure investment cycle continues, strategic shifts by Meta and OpenAI are weighing on short-term sentiment. Please monitor revaluation timing based on earnings announcements and government policy disclosures for each stock.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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