Mirae Asset Maintains Semiconductor Buy Rating as 2026 CAPEX Set to Hit $806B

According to Mirae Asset Securities, on July 5, the brokerage maintained its buy rating on Samsung Electronics and SK Hynix, dismissing concerns over declining AI infrastructure demand as overblown. The firm projected global big tech capital expenditure (CAPEX) at $806 billion in 2026, up 73% year-over-year, with growth expected to exceed 20% in 2027. Analyst Kim Young-gun noted that Q1 global big tech backlog (RPO) reached $210 billion, up 24% quarter-over-quarter, with near-term commitments ($656 billion for within 24 months) growing faster at 38.1%.
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