[JPMorgan Says Memory Stock Pullback Creates Buying Opportunity, Lists Samsung Electronics and SK Hynix as Core Overweight Targets] BlockBeats News, October 15, JPMorgan's Asia-Pacific equity research team stated that South Korea's Q3 earnings season will kick off during the week of October 19. The recent sharp pullback in memory chip stocks is creating a mid-term buying opportunity. The firm refers to the current phase as the 'expectation reset season' for memory stocks, believing there is a cognitive gap between market concerns over the sustainability of AI spending and the fundamental supply-demand dynamics of memory chips. This sentiment overshoot provides a favorable risk-reward window to bet on a 'longer and higher' upcycle in the memory industry. According to JPMorgan data, memory stocks have dropped approximately 6% over the past month and 15% over the past three months, while the Philadelphia Semiconductor Index has risen about 10% and declined around 4% during the same periods, respectively. Over the next six months, the firm's core overweight targets include Samsung Electronics, SK Hynix, Kioxia, Samsung Electro-Mechanics, ISU, and ISC, covering memory chips and related supporting industry chains. JPMorgan views the earnings season starting October 19 as a critical validation window, focusing on corporate earnings performance, spot prices for memory chips, AI-related orders, and changes in capital expenditures. If memory supply-demand continues to weaken, catalysts fail to emerge, or corporate earnings are broadly revised downward, the firm will reassess its current judgment. [Original Link]