00:02You're listening to AI Prism from Seoul Economic Daily.
00:06Samsung will use TSMC's 3-nanometer process for the base die of NVIDIA's custom HBM.
00:13China's CXMT expects third-quarter revenue to jump about sevenfold,
00:18while Wall Street calls its 4 of 2 claims at a possible paper tiger.
00:22Margin lending is up $3.81 trillion since July,
00:26while investor deposits are down $7.22 trillion.
00:31And the National Pension Service is planning its first data center-focused fund.
00:35It's Monday, October 19th.
00:38Here's what today's story could mean for the Korean market.
00:41NVIDIA is pushing memory makers to standardize how custom HBM is built,
00:45which changes how Samsung makes it.
00:48Meanwhile, China's memory challenger is posting explosive growth,
00:52even as analysts question its technology.
00:54And the KOSPI has fallen back to July's levels with funding conditions worse than then.
01:00Here's what the numbers show.
01:01NVIDIA asked Samsung, SK Hynix, and Micron to build custom NVHBM base dies on TSMC's 3-nanometer process
01:10and core dies on the 1C DRAM process.
01:14And Samsung agreed, while keeping its turnkey approach for standard HBM.
01:21CXMT guided third-quarter revenue to $114.7 billion to $119.7 billion U.N.,
01:30up 589% to 619% year-on-year,
01:35with a net profit of $53.4 billion to $54.9 billion U.N.
01:41Samsung and SK Hynix shares fell 17.8% and 24.3% in the week of October 12th to
01:5016th,
01:51while analysts at Rosenblatt said CXMT's 4F2 cell could be about 34% larger than rival's existing 6F2 cells.
01:59Margin lending reached $32.75 trillion one on October 15th, up $3.81 trillion one from July 31st,
02:08while investor deposits fell $7.2 trillion one to $96.91 trillion one,
02:15and forced liquidations rose 12.7 times in a week.
02:2019 of 20 experts expect the Bank of Korea to hold its rate on October 22nd,
02:25and 18 expect a hike in November, while the one averaged 1,342.6 this month.
02:33Lottie Shopping, Shinsege, and Hyundai Department Store all had third-quarter operating profit forecasts
02:40cut over the past month by 1.4%, 1.9%, and 5.6%.
02:47So what does this mean for investors watching the board today?
02:51Earlier, we said margin lending is up $3.81 trillion one since July,
02:57while investor deposits are down $7.22 trillion one.
03:01Here's what that actually means for you.
03:03That combination leaves less cash to buy dips and more borrowed positions that can be foresold,
03:09which is why a Korea Capital Market Institute researcher expects the market to react more to bad news than good
03:15until foreign money returns.
03:18October and November are also hedge fund book-closing months,
03:22so profit-taking and position unwinds could add pressure.
03:26This is market context, not investment advice.
03:30What to watch?
03:32The Bank of Korea decision on October 22nd, and whether a November hike follows.
03:38Samsung's verification of its own foundry for NVHBM-based dyes,
03:42which matters if TSMC capacity runs short.
03:46And the National Pension Service's planned data center fund,
03:50with managers to be chosen by contest if it goes ahead.
03:54That's today's AI Prism Stock Investors.
03:58This episode was produced with AI assistance based on sole economic daily reporting
04:03and reviewed by a human editor.
04:06AI Prism is a Juan Ifra award-winning series.
04:10We'll be back tomorrow.
04:12You've been listening to AI Prism from sole economic daily.
