"Will the Semiconductor Rally Continue?" Experts Identify Interest Rates and AI as Key October Stock Market Variables

[Financial News] With the strength of U.S. semiconductor stocks continuing, domestic semiconductor stocks also got off to a higher start. A stock market expert analyzed that the domestic market could attempt further gains in October.
Park Byung-chang, head of MP Partners, appeared on the YouTube channel 3PROTV, which has 3.04 million subscribers, on the 23rd and said, "Semiconductors may perform relatively well today."
Park cited the recent strength of semiconductor stocks such as Micron Technology and SanDisk in the U.S. market. However, regarding domestic semiconductor stocks, he explained that "they are different from Micron Technology and SanDisk" and need to make a move beyond their current trading range.
He suggested that the stock market could attempt further gains in October. Park said, "I think there could be one attempt in October," adding, "I think it may happen during the period after earnings announcements and share buybacks have ended and when there are no concerns about interest rates."
However, he emphasized that the possibility of a rise should not be treated as certain. Park said, "Saying that it will rise is an estimate," adding, "What I'm saying is that we should look at what is happening in the market now, rather than something in the future."
He said the relationship between interest rates and the growth that artificial intelligence (AI) can generate will be important for the stock market going forward. Citing the dividend model used to explain stock prices, Park said, "If interest rates rise, stock prices inevitably fall."
Park explained that the key issue is whether AI can raise economic growth enough to offset the burden of higher interest rates. He asked, "Can AI really lift the growth rate all the way?" and said, "If it fails to raise the growth rate and remains stagnant compared with now while only interest rates rise, that gap is the most crucial factor."
Park said investors need to follow developments in interest rates and AI-driven economic growth together. He added, "I hope you will focus more on YouTube content and related news about interest-rate hikes and AI-driven economic growth and watch them closely."
 

[email protected] Han Seung-gon Reporter