Funds Rotate Out of Memory Chips After Foreign Investors Pull 100 Trillion Won From South Korean Stocks, Garrett Jin Says

Garrett Jin said funds are rotating out of memory chips after foreign investors withdrew more than 100 trillion Korean won from South Korean stocks over the past two months. According to NS3.AI, Jin said capital is shifting toward hyperscale cloud providers, including Google, Microsoft, and Amazon. He did not provide additional details on specific chipmakers, the drivers behind the withdrawals, or the scale of allocations moving into cloud-related equities.