South Korean Finance Minister Lee Hyoung-Il said the semiconductor boom can be sustained at least through 2027, because demand still far outstrips supply and capacity is still expanding. His comments came after chip stocks, including SK Hynix, Seoul Semiconductor and Nvidia, fell sharply on concerns about interest rate hikes and competition from Chinese companies. Lee said chip stocks have driven volatility in South Korea's market given the industry's large share of the economy, but described the economy as solid and said tax revenue this year is expected to exceed initial projections. An opinion column cited experts warning of a flood of new memory-chip supply that could turn the market into a 'red ocean' by 2029.
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NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/16/2026 | 214.14 |
| Change that session | -1.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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