Goldman Sachs Lifts Kospi Target to 9,000 as Chip Profit Boom Extends 3-5 Years

1 articles · Updated · CNBC · May 11

Goldman Sachs raised its target for South Korea’s Kospi to 9,000 and said the new forecast is still conservative after the index hit another record high.
Samsung Electronics and SK Hynix helped drive the rally as Goldman cited strong earnings growth, rapidly accelerating memory demand and rising pricing power across semiconductor names.
Timothy Moe said investors are underestimating how long the sector’s super-normal profit cycle can last; if elevated chip profits persist for 3 to 5 years, the market can climb further.
The bullish Korea call came as strategists also pointed to a weaker U.S. dollar as supportive for emerging markets, while some investors looked to the FTSE 100 for non-AI exposure.

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