This week, 4 companies, led by SK hynix and including Samsung, Kioxia and CXMT, are scheduled to report their earnings. The market's focus is on whether AI investment will exceed future demand.
Major memory semiconductor manufacturers around the world, including companies in Japan and China, will report their earnings this week, beginning with South Korea's SK hynix. The results and questions from investors are expected to influence the direction of the market and provide clues to the outlook for the AI industry as a whole.
The 4 companies have a combined market capitalization of more than $2 trillion and are expected to supply components accounting for one-third of the data center spending of major technology companies. While there are expectations of significant increases in revenue and profits, investor caution is rising.
Since OpenAI unveiled ChatGPT, rising borrowing costs and concerns about future returns on massive investment plans have drawn market attention. The relationship between AI demand and returns is attracting particular scrutiny.
Instability related to data centers is also continuing. The exercise of force majeure clauses by Oracle in preparation for data center delays, rising bond yields and the withdrawal of IPO plans are affecting funding flows across the market.