"Heading to 600,000 Won" Biggest Beneficiary of Google's AI Investment... Doosan Enerbility's Target Price Dropped Due to Delayed U.S. Nuclear Power Plant Order [Stocktopia]

S. big tech companies such as Google.
The photo shows the Samsung Electronics Seocho headquarters in Seocho-gu, Seoul. /News1 c News1 Reporter Park Ji-hye /Photo=News1 [Financial News] Here is a summary of reports from major securities firms for the morning of July 23.
Analysts suggest that Samsung Electronics will be the biggest beneficiary by maintaining its number one memory supply market share during the phase of Google's expanded AI investment. Doosan Energyability's target share price has been lowered as orders for U.
S.
S. big tech companies such as Google.S. big tech companies such as Google.Korea Zinc saw its profit expectations lowered as the effect of the surge in silver prices, which drove first-quarter earnings, weakened; however, it was assessed that the potential for success of its US project has not yet been reflected in the stock price.Samsung Electronics to Exclusively Benefit from Memory Market Amid Explosive Increase in Google AI Investment (KB Securities) ◆ Samsung Electronics (005930) ― KB Securities / Kim Dong-won, Head of Research - Target Price: 600,000 KRW (Maintain) | Previous Day's Closing Price: 260,500 KRW - Investment Opinion: Buy (Maintain) KB Securities maintained its target price of 600,000 KRW and a Buy rating, forecasting that Samsung Electronics will be the biggest beneficiary of Google's expanded investment in artificial intelligence (AI).Kim Dong-won, Head of Research, stated, "As of the third quarter of this year, Samsung Electronics' memory supply to Google is estimated to account for 50% of server memory demand and 80% of High Bandwidth Memory (HBM)," adding, "Samsung Electronics Google's memory "It is evaluated as the biggest beneficiary of the Google AI ecosystem as it holds the number one supply share," the analysis stated.
Head of Department Kim also viewed the investment stance of US Big Tech as solid.
He pointed out, "US Big Tech companies, including Google, hold the view that 'under-investing in AI is riskier than over-investing.
'" He predicted that the memory supply shortage would continue until 2028.
Head of Department Kim analyzed, "With the expansion of 1c DRAM-based HBM4 production scheduled for 2027 and the mass production of HBM4E in the first half of 2028, structural constraints on general-purpose DRAM production capacity will be inevitable for a long period.
" The forecast is that the upward trend in memory prices will continue as the supply of general-purpose DRAM becomes tight even due to the increased proportion of HBM.
※ High Bandwidth Memory (HBM) It is a high-performance memory semiconductor that dramatically increases data processing speed by stacking multiple DRAM chips on top of each other.It is essential for AI data centers and supercomputers.Doosan Enerbility, US Nuclear Power Plant Equipment Orders Due to Funding Blocks.
S. big tech companies such as Google.S. big tech companies such as Google.Korea Zinc saw its profit expectations lowered as the effect of the surge in silver prices, which drove first-quarter earnings, weakened; however, it was assessed that the potential for success of its US project has not yet been reflected in the stock price.KB Securities Analyst Jung Hye-jeong stated, "Orders for nuclear power plant equipment for the 'AP1000' construction project, the flagship large reactor model of the US nuclear power company Westinghouse, are being delayed." This means that short-term order schedules are facing setbacks due to bottlenecks in the financing process of nuclear power plant construction projects.
However, Researcher Jeong predicted, "Considering the expansion of government intervention, such as the U.
He pointed out, "US Big Tech companies, including Google, hold the view that 'under-investing in AI is riskier than over-investing.
S.
5 billion (approximately 26 trillion won) for the procurement of equipment for nuclear power plant projects, we can expect Doosan Enerbility to secure orders starting next year.
" Analysis suggests that, bolstered by policy support from the U.
S. big tech companies such as Google.S. big tech companies such as Google.Korea Zinc saw its profit expectations lowered as the effect of the surge in silver prices, which drove first-quarter earnings, weakened; however, it was assessed that the potential for success of its US project has not yet been reflected in the stock price.government, the issue of order delays will be merely a temporary phenomenon, and full-scale order momentum is expected to recover starting next year.6 million won, citing a slowdown in the upward trend of precious metal prices.
1% decrease," he stated.
He pointed out, "US Big Tech companies, including Google, hold the view that 'under-investing in AI is riskier than over-investing.
He added, "With silver prices falling by 13%, a decline in earnings compared to the previous quarter is inevitable," and "We estimate that a $1 fluctuation in silver prices per ounce results in an annual operating profit change of approximately 10 to 12 billion won.
" The analysis suggests that the slowdown in the surge in precious metal prices, which drove strong first-quarter performance, is acting as a burden on second-quarter earnings.
However, Commissioner Park noted, "Despite the decline in silver prices, rising zinc and copper prices, a higher won-dollar exchange rate, and improved profitability of sulfuric acid are expected to largely offset the decline in earnings in the precious metals sector.
" He predicted that while second-quarter operating profit would decrease by about 20% compared to the same period last year, it would still meet market expectations.
S. big tech companies such as Google.S. big tech companies such as Google.
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